Genesco reported second-quarter net sales of $529.9 million, down about 3% from a year earlier due to store closures, lower licensed sales and weak demand at its UK-based footwear chain Schuh.
The company posted a quarterly loss of 83 cents per share, compared with a loss of $1.14 a year earlier.
It expects annual comparable sales to be flat, versus its prior expectation of 1% to 2% growth.
Shares rise after raised profit outlook
Shares of apparel and footwear retailer Genesco GCO.N were up 2% at $34.25.
The company forecasts FY2027 adjusted EPS at the high end of the $2.00 to $2.40 range, versus the midpoint of the same range previously.
Up to the last close, shares were up about 35% year to date.
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