Dec. 4 at 12:56 PM
$GCO
Adjusted EPS:
$0.79 per share, an 8.1% miss compared to analyst expectations.
Revenue:
$616.2 million, missing estimates of around
$618-
$624 million but representing a 3.3% year-over-year increase.
GAAP Net Income:
$5.4 million, or 50 cents per share.
Comparable Sales: Rose 3% year-over-year.
Operating Margin: 1.4% (GAAP), or 2.1% (adjusted).
Management Guidance & Stock Impact
Management lowered its full-year adjusted EPS guidance significantly to
$0.95 at the midpoint, down from a previous consensus estimate of approximately
$1.57. The company cited struggles with its Schuh banner as a weighing factor on the outlook.
