Genesco Stock Plunge: Profitability Concerns Overshadow Revenue
Markets & Money Today | 2 Min News - Un pódcast de The Daily News Now! - Viernes
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Genesco stock plummeted 11% after Q2 results revealed widening losses despite revenue growth. Sales rose 4%, but a $1.14 per share loss spooked investors, overshadowing unchanged full-year guidance. This volatility is typical for Genesco, with the stock down 30% YTD after wild swings driven by analyst opinions and earnings news. Can Genesco convert sales to profit, or will the turbulence continue? Hosted on Acast. See acast.com/privacy for more information.
