Home / Knowledge / News / Fashion / Genesco releases Q1 2008 results

Genesco releases Q1 2008 results

May '08
Genesco Inc reported earnings from continuing operations of $129.9 million, or $5.14 per diluted share, for the first quarter ended May 3, 2008, compared to $2.2 million, or $0.10 per diluted share, for the quarter ended May 5, 2007.

Earnings for the first quarter this fiscal year include a pretax gain of $204.1 million, or $4.84 per diluted share, from the settlement of the merger-related litigation with The Finish Line Inc and UBS Securities, partially offset by expenses related to the litigation, the settlement of unrelated litigation, and store closings and fixed asset impairments totaling $9.5 million, or $0.23 per diluted share. Earnings from continuing operations for the first quarter of last fiscal year reflected charges of $6.6 million, or $0.15 per diluted share, primarily consisting of asset impairments in underperforming urban stores.

Earnings per diluted share for the first quarter of this fiscal year also reflected the repurchase by the Company of 4 million shares of common stock during the quarter at an aggregate cost of $91 million, pursuant to a previously announced stock repurchase program of up to $100 million.

The Company's effective tax rate for the first quarter of this fiscal year was reduced by the impact of higher income and by the deduction of prior period merger-related expenses that became deductible upon termination of the Finish Line merger, improving earnings per diluted share by an estimated $0.36 for the quarter.

Must ReadView All

Pic: Shutterstock

Textiles | On 20th Jan 2022

Chinese central bank cuts rates on medium-term loans, reverse repos

The People's Bank of China recently cut interest rates of its...

Pic: Shutterstock

Retail | On 20th Jan 2022

Clothing retail sales in US grew 33.1% during holiday season: NRF

Retail sales during 2021’s November-December holiday season grew 14.1 ...

Pic: Shutterstock

Textiles | On 20th Jan 2022

ILO downgrades labour market recovery forecast for 2022

Geneva-based International Labour Organisation (ILO) has downgraded...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Chori Company Limited
Helly Hansen Far East Ltd
Green Fibre
Vianney Textil Hogar S.A. De C.V.
Tory Burch Hong Kong Ltd
Midas Clothing Limited
Phong Phu international JSC (PPJ)
IKEA of Sweden AB
Tommy Hilfiger
Sainsbury's Argos Asia Limited
NITI Aayog
Groz-Beckert East Asia LLP
Aramark Uniform ;& Career Apparel, LLC
SHAHI Exports Pvt Ltd
J ;& P Coats
Benetton Group
Sportmaster Ltd.
Gatsby Africa
Desigual - ABASIC, S.A.
Lululemon Athletica Inc
The LYCRA Company Singapore  Pte. Ltd
John Varvatos
Hela Clothing Pvt Ltd
Tchibo GmbH
G-Star Raw C.V.
Lisa S.P.A.
LC Waikiki
Chico’ FAS
Vardhman Textile Ltd
Reiter India Private Limited
Gokaldas Exports Limited
IDH – The Sustainable Trade Initiative
Gap International Sourcing Limited
Grasim Industries Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
The Top Form Brassiere Manufacturing Company Limited
Alison Hayes Romania
Rayonese Textile Inc., Division de Culp Inc.
Amazon China
Gloria Jeans
Hirdaramani International Export Private Limited
Calvin Klein
Under Armour Global Sourcing Ltd
PVH Corporation
Rosset ;& Cia Limited
Alix Partners
Varner AS Retail
Cat Tuong Real Estate Group Joint Stock Company
Truetzschler India Private Limited
Lacoste (Wanchai)
T.T. Limited
C;&A Sourcing International Ltd
Bluestem Global Sourcing Limited
Seasalt Limited
OVS Hong Kong Sourcing Ltd.
Brandix Lanka Limited
KAS Direct Sourcing
Lenzing Aktiengesellschaft
Etam Group Strategy Hong Kong Limited
Sportswear Company Spa
Eastman Chemical Company
Target Corporation (MN)
Arvind Limited
Esprit Europe Services GmbH
Landmark Group
International Textile Manufacturers Federation
Recron Polyester from Reliance Industries Limited
Huntsman (Singapore) Pte Ltd
Boardriders Asia Sourcing Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Restoque S.A.
Guess Europe Sagl,
Aquarelle Clothing Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search