Underground Station continued to generate gains in women's footwear as well as apparel, accessories and children's shoes, and we see opportunities to expand these categories further.
Genesco also stated that it is slightly increasing its fiscal 2007 guidance. The Company now expects sales to increase 14 percent to approximately $1.46 billion for the year and diluted earnings per share to approximate $2.63.
The earnings per share estimate includes the expected expense of SFAS 123(R) share-based compensation expense and the amortization of recently granted restricted stock totaling approximately $0.17 per share. In the previous year, this amount was $0.01 per share.
marketing@alchempro.com
