Gap (GPS) Comps Down 4% in January; Sees Q4 EPS Above Views

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GPS Hot Sheet

Revenue Growth %: +105,657.6%

Financial Fact:
Cash dividends declared and paid per share: 0.11

Today's EPS Names:
TARO, BRLI, TLB, More

Gap Inc. (NYSE: GPS) reports total sales for the month of January were $833 million, down 1 percent from the same period last year. Same-store sales fell 4 percent.

The company announced diluted earnings per share guidance for the fourth quarter of fiscal year 2011 to be in the range of $0.41 to $0.42, above First Call consensus of $0.35. In addition, it expects year-end inventory dollars per store to be below previous guidance.

Net sales were $14.55 billion for the 52 weeks ended January 28, 2012, a decrease of 1 percent compared with net sales of $14.66 billion for the 52 weeks ended January 29, 2011. The company’s comparable sales for fiscal year 2011, which include the associated comparable online sales, were down 4 percent compared with a 2 percent increase last year.

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