US footwear, headwear and accessories retailer, Genesco Inc. has reported earnings of $8.2 million for the first quarter ended April 30, 2005. This compares with earnings before discontinued operations of $5.8 million for the first quarter last year. Net sales for the first quarter of fiscal 2006 increased 27% to $286 million compared to $226 million for the first quarter of fiscal 2005.

Genesco chairman, president and CEO, Hal N. Pennington, said, "Our results for the quarter, which significantly exceeded our plan, were fuelled by better than expected performances at Journeys, Hat World, Underground Station and Johnston & Murphy. Sales, margins, and cash flow were strong, and we ended the quarter with a good inventory position. We look forward to building on our momentum in the marketplace.

Genesco also stated that it is revising upward its fiscal 2006 guidance. The company now expects sales for the year to range between $1.27 billion and $1.28 billion.

Genesco Inc., a Nashville-based specialty retailer, sells footwear, headwear and accessories in more than 1,600 retail stores in the United States and Canada, principally under the names Journeys, Journeys Kidz, Johnston & Murphy, Underground Station, Hatworld, Lids, Hat Zone, Cap Factory, Head Quarters and Cap Connection.

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