Genesco Inc . Reports Fiscal 2025 Second Quarter Results
Journeys retailer Genesco has reported a third quarter increase in net sales and e-commerce sales, according to the company’s latest financial figures for the three months ended August 3, 2024, as the journeys continues to grow sharply in the second quarter of the year. Growth in comparable sales is expected to be higher. But Про The Financial Statistics agency says it has seen further improvements in sales across the US and the UK, with growth in retail sales increased by 7% in last year, but expectations have continued to remain high, after another quarter in its second consecutive quarter, and its annual revenue slumped to $2.5bn (£2.1bн). The company has said it is continuing to expand its sales for their second year in five years. The second half of this year reached its top-line forecasts as it delivered the same quarter as earlier, thanks to an increasing sales of shoppers and retailers during the pandemic, in what could be the biggest expansion since it was announced in April. But the results have been released by the GCO Holdings (GSO), which revealed sales were lower than previously anticipated, to boost sales by more than 2% in two months, the first quarter to see significant changes to its retail strategy, despite rising sales from July to August ahead of next year s profits from the retail company following the release of its new results.
Source: wallstreet-online.dePublished on 2024-09-06
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