India, Sept. 3 -- While reporting financial results for the second quarter on Thursday, specialty retailer Genesco, Inc. (GCO) raised its adjusted earnings guidance for the full-year 2027, based on better than expected second quarter results including stronger gross margins and better expense management, partially offset by lower sales assumptions for Schuh in the back half. However, sales and comparable sales growth are expected to be lower.
For fiscal 2027, the company now projects adjusted earnings from continuing operations at the high end of the range of $2.00 to $2.30 per share on a sales decline of about 2 percent, with flat comparable sales growth.
Previously, the company expected adjusted earnings from continuing operations at th...