Genesco shares lost a bit of value Wednesday as the company reported first quarter results showing a net sales increase year over year, healthy figures for the company's Journeys business and an earnings per share loss that beat analysts' estimates.

At the close of the trading session, the stock (ticker: GCO ) was valued at $22.29 per share, down 0.36 percent (the equivalent drop of $0.08 per share).

Volume was heavy as about 865,000 shares changed ownership hands, according to Yahoo Finance. The daily average the past 30 days or so had been approximately 361,000.

According to a release, Genesco posted revenues of about $474 million, an increase of 4 percent compared to the Q1 2024 figure of $458 million. The $474 million mark topped the analyst consensus estimate of $465.3 million.

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