UPDATE: Gap, Inc. (GPS) Misses Q3 EPS by 2c; Trims FY15 EPS Outlook
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EPS Growth %: +1,100.0%
Financial Fact:
Gross profit: 1.49B
Today's EPS Names:
SFST, VLTO, CLIR, More
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Gap, Inc. (NYSE: GPS) reported Q3 EPS of $0.61, $0.02 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $3.86 billion versus the consensus estimate of $3.9 billion.
Gap Inc.’s comparable sales for the third quarter of fiscal year 2015 were down 2 percent versus a 2 percent decrease last year. Comparable sales by global brand for the third quarter were as follows:
- Gap Global: negative 4 percent versus negative 5 percent last year
- Banana Republic Global: negative 12 percent versus flat last year
- Old Navy Global: positive 4 percent versus positive 1 percent last year
Guidance:
The company updated its adjusted diluted earnings per share guidance for the full fiscal year 2015 to be in the range of $2.38 to $2.42 and now expects its adjusted operating margin to be about 10.5 percent in fiscal year 2015.
*** The Street sees FY15 EPS of 2.50.
For earnings history and earnings-related data on Gap, Inc. (GPS) click here.
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