Gap, Inc. (GPS) Tops Q1 EPS by 2c; Reaffirms Outlook
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Gap, Inc. (NYSE: GPS) reported Q1 EPS of $0.71, $0.02 better than the analyst estimate of $0.69. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.68 billion.
Gap, Inc. reaffirmed FY2013 guidance.
Due to the 53rd week in fiscal year 2012, comparable sales for the first quarter of fiscal year 2013 are compared with the 13-week period ended May 5, 2012. On this basis, the company’s first quarter comparable sales increased 2 percent compared with a 4 percent increase in the first quarter last year.
For earnings history and earnings-related data on Gap, Inc. (GPS) click here.
Gap, Inc. reaffirmed FY2013 guidance.
Due to the 53rd week in fiscal year 2012, comparable sales for the first quarter of fiscal year 2013 are compared with the 13-week period ended May 5, 2012. On this basis, the company’s first quarter comparable sales increased 2 percent compared with a 4 percent increase in the first quarter last year.
For earnings history and earnings-related data on Gap, Inc. (GPS) click here.
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