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Sandals and Golf Shoes Drive Casual Gains at Genesco

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

The arrival of government stimulus in the U.S. and sustained digital spending in the U.K. helped drive Genesco to sales growth on both a year-over-year and two-year basis. The strong sales performance translated to non-GAAP earnings per share of $0.79, well above Zacks Equity Research’s expected loss of $0.57 per share. In a Nutshell: Genesco’s…

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