Genesco Pops On Earnings But Don’t Expect A Rally

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Genesco Guides Higher But Fails To ImpressGenesco, Inc (NYSE:GCO), owner of brands like Journeys and Schuh, has proven its place in post-pandemic retail. The company’s brand position and omnichannel offering have it set up to outperform many of its mall-based competitors but there is a problem for the market. While the Q1 results are good, the guidance is only in-line with the consensus estimates which means the news is already priced into the stock. The stock offers a value trading at only 6.87X its earnings but that may not be enough to support the share price. The stock does …

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