Gap, Inc. (GPS) Tops Q3 EPS by 1c; Comps Fell 2%

Gap, Inc. (NYSE: GPS) reported Q3 EPS of $0.80, $0.01 better than the analyst estimate of $0.79. Revenue for the quarter came in at $3.97 billion versus the consensus estimate of $4.03 billion.

Gap Inc.’s comparable sales for the third quarter of fiscal year 2014 were down 2 percent versus a 1 percent increase last year. Comparable sales by global brand for the third quarter of fiscal year 2014 were as follows:

• Gap Global: negative 5 percent versus positive 1 percent last year
• Banana Republic Global: flat versus negative 1 percent last year
• Old Navy Global: positive 1 percent versus flat last year

For earnings history and earnings-related data on Gap, Inc. (GPS) click here.

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