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Don't Expect A Quick Rebound For Genesco Back To Its Highs

2015-04-01 10:40:31| Footwear - Topix.net

Footwear-oriented retailer Genesco struggled to maintain profit growth in its latest fiscal year, hurt by weakening margins in its Lids headwear unit. With a current P/E multiple of approximately 15, Genesco seems to be priced above its near-term profit growth prospects and investors should probably walk away from the story.

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Category:Consumer Goods and Services

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