India, June 4 -- Genesco Inc. (GCO), a specialty retailer of branded footwear, reported Wednesday narrower net loss in its first quarter, benefited by higher net sales and comparable sales. Further, the firm maintained its fiscal 2025 earnings outlook, and lifted sales growth view.
In the pre-market activity on the NYSE, Genesco shares were gaining around 5.3 percent to trade at $23.55.
Sandra Harris, Genesco's Senior Vice President Finance and Chief Financial Officer, said, "Our first quarter performance exceeded our expectations, and our adjusted EPS would have been $0.05 better had we not opportunistically bought back shares during the quarter. . Although there is ongoing external market uncertainty, we know our businesses are strong, ...