Genesco slashed its full-year adjusted earnings guidance to $0.65 to $0.85 per share ($8.2 mm at the midpoint) compared to a prior range of $1.50 to $2.00, after weak boot sales sent Journeys’ Holiday comps down 6%. The GAAP loss per share is expected to come in between ($1.21) and ($1.45) including asset impairments and other adjustments. In a round table discussion at the ICR Conference, GCO also lowered revenue guidance to a 2.5% decline from earlier guidance for a 1.0% to 1.5% drop, largely due to the shortfall at Journeys. ... Log in to view full article.