Genesco Inc. (NYSE:GCO) Q3 2025 Earnings Call Transcript

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Tue, December 10, 2024

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Genesco Inc. (NYSE:GCO) Q3 2025 Earnings Call Transcript

^{Published on 2024-12-10 11:41:03 - MSN}

Q3 2025 Earnings Call Transcript December 6, 2024 Operator: Good day everyone and welcome to Genesco's Third Quarter Fiscal 2025 Conference Call. Just a reminder, today's call is being recorded. Genesco management included in the conference call will be Mimi Vaughn,

The article provides a transcript of the Q3 2025 earnings call for Genesco Inc., a footwear, apparel, and accessories retailer. During the call, Genesco's management discussed the company's financial performance for the third quarter ending October 28, 2024. Key points included a year-over-year decrease in net sales by 4% to $579 million, primarily due to a decline in store traffic and a challenging retail environment. Despite the sales drop, the company managed to improve its gross margin by 100 basis points to 48.9%, attributed to better inventory management and reduced promotional activity. Operating income saw a significant decrease, but adjusted earnings per share were better than expected. The call also covered strategic initiatives like digital transformation, store optimization, and brand development, with a focus on enhancing customer experience and operational efficiency. Additionally, there was a Q&A session where analysts asked about future outlook, inventory levels, and the impact of economic conditions on consumer spending.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/genesco-inc-nyse-gco-q3-2025-earnings-call-transcript/ar-AA1vBjyp ]

N@N

Genesco Inc. (NYSE:GCO) Q3 2025 Earnings Call Transcript