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Article Date: March 2019
Word Count: 730

Journeys Has Great Q4 for Genesco, as Lids Departs

Net loss was $63,971,000 in the fourth quarter ended Feb. 2 including a $98.3 million loss on the sale of Lids to Ames Watson Capital owned FanzzLids, against income of $56,045,000 last year as revenues dipped 2% to $675,491,000 from $689,392,000, but would have been up 4% excluding last year’s 14th week. Excluding items related to the Lids sale this year and other one time charges including last year’s Tax Act benefit, adjusted net income from continuing operations was up 19% to $42,359,000 from $35,732,000. For the full year, net loss narrowed to $51,930,000 from a loss of $111,839,000 that ... Log in to view full article.


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