Genesco Beats Estimates, Stock Plummets: A Mixed Bag?

Genesco defies expectations with a sales jump, but investors aren't buying it! Find out why the footwear giant's 4% sales growth and Journeys' success weren't enough to stop a 10% stock plunge. We break down the numbers: shrinking store counts, flat long-term revenue, and negative operating margins that have Wall Street skeptical despite projected EPS gains. Is this a temporary stumble or a sign of deeper issues for Genesco? Hosted on Acast. See acast.com/privacy for more information.