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Non-Tech : Genesco (GCO)
GCO 28.78-0.5%3:16 PM EST
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To: Mel Spivak who wrote (11)5/25/1997 10:48:00 PM
From: David Alan Cook   of 66
 
Mel,
I like GCO. Great Earnings Report:

1) EPS UP 100% on 14% Sales Increase
2) EPS increased to .08 from .04 in the same qtr. This was still yet another qtr that beat the analyst estimate of .04
3) Same Store Sales in retail opns increased 10%, led by Journeys with 21% same store sales growth and Johnston & Murphy with 11% same store sales growth.
4) Opened a net 26 retail stores during the period, including 18 journeys, which is ahead of schedule.
5) Results would have been even better if the DOD had not delayed awarding the military boots contract. GCO's volunteer leather has now received most of those orders.

Stock hit a new high . .

DC
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