Genesco profits spike in 4Q - Nashville Business Journal:

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The Nashville-based retailer (NYSE: GCO) reported income of $23.7 million, or $1.05 per dilutefd share, for the 2009 fiscall fourth quarterended Jan. 31, compared to $3.2 or 14 cents per share, in the year-agop period. The company's sales were $452 milliomn in the quarter, a 3.3 percenty drop from $467 million in the year ago Sales at stores open at leas a year declined5 percent. The compan said the gains can in part be crediter to heavy charges in theprevious year's fourthg quarter. Analysts had estimated earningsof $1.09 per share on sales of $462.6 million, according to Thomson Reuters Firstg Call.
"After a generally lackluster trend for most of the perior between Thanksgivingand Christmas, we enjoyedf solid increases in comparabl e store sales for the weeks on either side of Genesco CEO and president Robert Dennis said in a For the 2009 fiscal year, Genesco posted earningsz of $152 million, compared to $6.9 millionj in the previous year. The company'sd annual revenue rost 3.3 percent to $1.55 Genesco sells shoes, hats and accessoriexs in morethan 2,225r retail stores in the United States and primarily under the brands Journeys, Johnston Murphy, Underground Station and Lids. The company's shares were trading around $13.50 midday, with a 52-week range of $10.
37 to $38.74.