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Gap (GPS) Jan Comps Rise 8%, Boosts Q4 EPS Outlook

February 7, 2013 8:04 AM EST
Gap, Inc. (NYSE: GPS) January comps rise 8%, versus an expected 4% rise.

The company announced diluted earnings per share guidance for the fourth quarter of fiscal year 2012 to be in the range of $0.70 to $0.71, versus the consensus of $00.69. In addition, the company now expects year-end inventory dollars per store to be slightly above previous guidance driven by higher in-transit inventory given the earlier Easter holiday in 2013


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