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Genesco Inc.
Genesco Reports Third Quarter Fiscal 2009 Sales and Revises Guidance
December 6th, 2008
Genesco Inc. (NYSE: GCO) announced that it currently expects to report net sales of approximately $390 million for the third quarter ended November 2, 2008, compared to $372 million for the same period last year, or an increase of 5%. The Company said that it estimates that total same store sales for the third quarter increased 2%, with the Journeys Group up 5%, Hat World Group up 2%, Underground Station Group up 1% and Johnston & Murphy Group down 15%. The Company now expects to report earnings per diluted share of $0.41 to $0.43 for the third quarter compared to $0.23 for the corresponding period a year ago. Third quarter earnings per diluted share are expected to reflect restructuring...
Source: Law & Health Weekly (2008-12-06)
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