Genesco Inc. Stock
Genesco Inc. Stock
Pros and Cons of Genesco Inc. in the next few years
Pros
Cons
Performance of Genesco Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Genesco Inc. | -0.820% | 1.681% | -2.419% | -22.930% | -24.845% | -43.192% | -40.240% |
| Citi Trends Inc. | 0.990% | -2.857% | -16.393% | 30.769% | -17.073% | - | - |
| Guess Inc. | 1.670% | 1.653% | -15.753% | 42.197% | 16.038% | 5.128% | - |
| Zumiez Inc. | -1.260% | 10.563% | 15.441% | 0.641% | -14.674% | -56.389% | -36.062% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Based on the financial statements of Genesco, Inc. (GCO) from the Other Specialty Retailers industry, the company's financial performance appears to be mixed. While there has been noticeable progress in some areas, certain aspects raise concerns that potential investors should be aware of. In this analysis, we will dive into the details of Genesco's financial statements, highlighting the pros and cons along the way.
Increasing Revenue: Genesco's total revenue has grown consistently over the past three years, from $1,786,530,000 in 2021 to $2,384,888,000 in 2023. This indicates the company's ability to attract and retain customers, leading to greater sales.
Improvement in Net Income: While the company reported a net income loss of $56,429,000 in 2021, it has since rebounded, achieving a positive net income of $114,850,000 in 2022 and $71,915,000 in 2023. The turnaround highlights the company's ability to control expenses and enable profit growth.
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