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Genesco GAAP earnings $0.05

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Christian Fernsby |
Genesco
Genesco   Net sales for the second quarter of Fiscal 2020 were flat

Genesco reported GAAP earnings from continuing operations per diluted share of $0.05 for the three months ended August 3, 2019, compared to $0.00 in the second quarter last year.

Topics: Genesco

Adjusted for the excluded items in both periods, the company reported second quarter earnings from continuing operations per diluted share of $0.15, compared to a loss from continuing operations per diluted share of ($0.01) last year.

Net sales for the second quarter of Fiscal 2020 were flat at $487 million compared to the second quarter of Fiscal 2019.

Excluding the effect of lower exchange rates, net sales would have increased 1%.

Comparable sales increased 3%, with stores up 1% and direct up 20%.

Direct-to-consumer sales were 10.4% of total retail sales for the quarter, compared to 8.9% last year.


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