Gap, Inc. (GPS) Tops Q4 EPS by 11c, Revs Miss

Gap, Inc. (NYSE: GPS) reported Q4 EPS of $0.28, ex-items, $0.11 better than the analyst estimate of $0.17. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.66 billion.

“We faced one of the most difficult years in our company’s history and, throughout, our teams showed resilience and determination as we navigated unprecedented disruption in our industry to set a course for long-term growth. Our powerful brands moved to offense with purpose-led marketing and strength in relevant categories, like Active and Fleece, allowing us to gain meaningful market share quarter-over-quarter in a fragmented environment. This was enabled by our $6 billion online business and advantaged digital capabilities allowing us to expand our reach to more than 183 million customers this year,” said Sonia Syngal, Chief Executive Officer, Gap Inc. “We are focused on executing against our Power Plan 2023 and delivering profitable growth in 2021.”

GUIDANCE:

Gap, Inc. sees FY2021 EPS of $1.20-$1.35, versus the consensus of $1.28.

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

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