Genesco, the footwear, apparel, and accessories retailer, will report its second-quarter earnings before the market opens on Thursday. Analysts expect revenue to decline 3.4% year on year, a reversal from the 4% increase recorded in the same quarter last year. The company beat revenue expectations last quarter with $487 million in revenue, up 2.8% year on year, and also beat EPS estimates. Over the past month, Genesco shares have fallen 16.6%, underperforming the broader footwear group, which is down 7.2% on average. The average analyst price target stands at $40.33, compared to the current share price of $32.56.
Genesco IncQ2 revenue expected to decline 3.4% and shares have fallen 16.6% over the past month
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