Gap, Inc. (GPS) Reports In-Line Q4 EPS, Comps Increase 2%

Gap, Inc. (NYSE: GPS) reported Q4 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $4.43 billion versus the consensus estimate of $4.39 billion.

Comparable Sales Results

The company’s fourth quarter fiscal year 2016 comparable sales were up 2 percent compared with a decline of 7 percent last year.

GUIDANCE:

Gap, Inc. sees FY2018 EPS of $1.95-$2.05.

• The company also noted that comparable sales for fiscal year 2017 are expected to be flat to up slightly. Net sales are expected to be slightly below this range driven by an expected negative impact from foreign currency fluctuations year-over-year.The company noted that it expects its reported diluted earnings per share for the first half of fiscal year 2017 to be down in the high single digits when compared with the adjusted diluted earnings per share for the first half of fiscal year 2016.

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

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