In the three months ended May 3, Genesco’s sales rose by 4 percent from the previous year to $474.0 million.
Genesco has reaffirmed its earnings guidance for its full fiscal year, having turned in better than expected top- and bottom-line performance in the first quarter and putting in place mitigation measures to offset the impact of US import duties.
In the three months ended May 3, Genesco’s sales rose by 4 percent from the previous year to $474.0 million, with e-commerce sales representing 23 percent of the total. Comparable sales increased by 5 percent, as store sales rose by 5 percent and e-commerce sales were 7 percent higher. Growth in the wholesale channel was 5 percent.
The full version of this article was originally published by our sister publication Shoe Intelligence.
