Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (6002)	3/7/2001 3:29:27 PM
From: Jenna	of 6445

► <font color=purple> GCO Earnings Play Genesco Reports Fourth Quarter Sales Increase 28%, EPS Up 31% to $0.59 Before One-Time Charges Fiscal 2001 EPS Rises 41% Before One-Time Charges NASHVILLE, Tenn., March 7 /PRNewswire/ -- Genesco Inc. (NYSE: GCO - news) today reported results for the fourth quarter (14 weeks) and fiscal year (53 weeks) ended February 3, 2001. Earnings for the quarter were $15.1 million, or $0.59 per diluted share, before discontinued operations and one-time charges associated with the previously announced termination of the Nautica footwear license. These earnings increased from $11.3 million, or $0.45 per diluted share, for the fourth quarter of the previous year ended January 29, 2000. The one-time charges associated with the Nautica closedown totaled $2.7 million, or $0.10 per diluted share, after taxes. Net sales for the quarter (14 weeks) increased 28% to $214.2 million from $167.6 million in the fourth quarter (13 weeks) a year ago.

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