Genesco raises profit outlook as results beat Street

Footwear retailer Genesco Inc's quarterly results handily beat expectations, helped by the acquisition of Schuh Group and a strong performance at its Journeys brand, prompting it to raise its full-year profit outlook. Photo: SchuhThe company now expects full-year adjusted earnings of $4.70 to $4.82 per share, up from its previous forecast of $4.58 to $4.70 per share. Analysts on average were expecting a profit of $4.69 per share, according to Thomson Reuters I/B/E/S. First-quarter net income

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