Genesco shares fell nearly 30% after the retailer cut its fiscal 2026 outlook, citing weak UK demand. Q3 adjusted EPS of $0.79 missed estimates, and the company now expects total sales to rise about 2% and EPS to reach $0.95, both well below prior forecasts. Management said Black Friday and Cyber Monday were encouraging but demand remains soft.
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10:52 pm on
04 Dec