Net Loss of $31.7 Million and Net Sales of $523.0 Million Recorded in Q2 2023

Genesco Inc.(GCO), a leading retaile r and distributor of footwear, headwear, and accessories, announced its financial results for the second quarter of 2023. The company reported a net loss of $31.7 million for the quarter, alongside net sales of $523.0 million.

Net Loss Incurred in Q2 2023

Genesco Inc. faced financial headwinds in the second quarter of 2023, reporting a net loss of $31.7 million. This figure represents a stark contrast to the net income of $7.6 million reported in the same period last year.

Revenue Shows a Decline in Q2