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Footwear retailer Genesco post Q1 profits raise $8.2mn
27 May '05
5 min read
"johnston & murphy registered another strong quarter as total sales grew to roughly $42 million, same store sales rose 3% and wholesale sales increased 9%. we believe that johnston & murphy's updated image, reflected in its new logo, packaging, website, catalog and print ads will help to attract new customers and drive incremental sales. we remain encouraged about johnston & murphy's prospects as it moves forward with great product, innovative marketing and clean inventories.
"dockers footwear sales were impacted by internal and external issues during the quarter. we are working hard to improve our market position and we remain confident that dockers' brand value-equation continues to occupy an important space in the mind of our consumer."
genesco also stated that it is revising upward its fiscal 2006 guidance. the company now expects sales for the year to range between $1.27 billion and $1.28 billion and earnings per share to range from $2.21 to $2.24, including the previously announced charges of approximately $0.06 per share associated with the anticipated class action settlement.
pennington concluded, "these excellent results, which come on the heels of a strong fourth quarter, are a great way to start the new fiscal year. we continue to see the positive results of all of our hard work and we remain committed to effectively executing our strategic plan, aimed at driving long- term growth and increasing shareholder value."
the erm growth and increasing shareholder value."
"dockers footwear sales were impacted by internal and external issues during the quarter. we are working hard to improve our market position and we remain confident that dockers' brand value-equation continues to occupy an important space in the mind of our consumer."
genesco also stated that it is revising upward its fiscal 2006 guidance. the company now expects sales for the year to range between $1.27 billion and $1.28 billion and earnings per share to range from $2.21 to $2.24, including the previously announced charges of approximately $0.06 per share associated with the anticipated class action settlement.
pennington concluded, "these excellent results, which come on the heels of a strong fourth quarter, are a great way to start the new fiscal year. we continue to see the positive results of all of our hard work and we remain committed to effectively executing our strategic plan, aimed at driving long- term growth and increasing shareholder value."
the erm growth and increasing shareholder value."
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