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Genesco Q2 profit up, raises full-year outlook
Nashville, Tenn. -- Genesco Inc.'s profit topped estimates for the eighth quarter in a row amid increased store traffic. The company raised its full-year earnings outlook for the second time this year.
Genesco, which operates stores under such banners as Journeys, Lids, Johnston & Murphy and Schuh banners, said its adjusted quarterly profit rose to $12.1 million from $5.2 million in the year-ago period.
Revenue rose 15% to $543.5 million.Same-store sales were up 4%.
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Brown Shoe narrows loss; raises outlook
St. Louis, Mo. -- Brown Shoe Co Inc. on Tuesday posted a smaller second-quarter loss, helped by cost-cutting and higher sales at its Famous Footwear stores. The retailer also raised the lower end of its full-year profit outlook.
Brown Shoe’s quarterly loss narrowed to $2.5 million, compared with a loss of $4.6 million a year earlier.
Revenue decreased to $599.3 million. Same-store sales rose 3.9%.