Genesco Inc. provided earnings guidance for the fiscal year ending January 30, 2016. For the year, the company expects earnings from continuing operations in the range of $94,660,000 to $91,680,000 adjusted forecasted earnings from continuing operations in the range of $101,078,000 to $98,414,000. The company also announced that it now expects adjusted earnings per diluted share for the fiscal year ending January 30, 2016, in the range of $4.30 to $4.40 per share.

The reduction from the previous, most recently announced guidance range of $4.50 to $4.60 per share reflects measures planned to complete the Lids Sports Group's year-long inventory reduction program in the fourth quarter and current challenges in the Schuh Group's business. The company's adjusted earnings per share expectations for Fiscal 2016 do not reflect expected non-cash asset impairments and other charges, estimated in the range of $7.8 million to $8.3 million pretax, or $0.21 per share to $0.23 per share after tax, for the full fiscal year.  They also do not reflect expenses in connection with deferred purchase price payments related to the acquisition of the Schuh business, which are $1.5 million, or $0.06 per diluted share, for the full fiscal year.  The company believes that providing an adjusted earnings per share estimate not reflecting these items will benefit investors by facilitating comparison with the Company's previously announced expectations, which also excluded these items.