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Article Date: September 2018
Word Count: 606

Journeys Drives Solid Gains At Genesco


Net loss was just $15,000 against a loss of $3,875,000 last year in the second quarter ended Aug. 4 on 6% higher revenues of $653,892,000 up from $616,506,000, boosted by strong gains at Journeys that more than offset struggles elsewhere. The top line benefitted about $21 million from the calendar shift and, excluding a small loss from the discontinued team sports business, GCO was slightly in the black for the quarter. Total blended comparable store sales were 3% higher against flat comps last year, with brick-and-mortar +2% against -2% and direct +7% against +30% last year. E-commerce sales now account ... Log in to view full article.

 


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