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Why Is Genesco Stock Gaining Friday? - Genesco (NYSE:GCO)
The company cited 3% revenue growth, a narrower quarterly loss and $40 million to $50 million in planned savings.
Summary
Genesco Inc. (NYSE:GCO) stock rose Friday after the footwear and apparel retailer reported first-quarter sales that topped Wall Street expectations and raised its full-year earnings outlook, signaling improving momentum across several of its key brands. Investors also responded positively to the company’s planned cost-cutting initiatives and the prospect of tariff refunds that could further support profitability in the coming years. First-Quarte…