Gap (GPS) Dec Comps Down 8%; Lowers Guidance
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Price: $24.55 --0%
Financial Fact:
Earnings per share - basic: 0.51
Today's EPS Names:
SYRS, AFIB, VAXX, More
Financial Fact:
Earnings per share - basic: 0.51
Today's EPS Names:
SYRS, AFIB, VAXX, More
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Gap Inc. (NYSE: GPS) said comparable store sales for December 2006 decreased 8 percent compared with a 9 percent decrease in December 2005.
Based on its holiday sales performance, the company announced that it is revising its fiscal 2006 guidance. The company now expects full-year earnings per share to be $0.83 to $0.87 versus previous guidance of $1.01 to $1.06. The consensus is $1.00.
Full-year operating margins are now expected to be about 7 percent and free cash flow is now expected to be about $650 million for the year.
Based on its holiday sales performance, the company announced that it is revising its fiscal 2006 guidance. The company now expects full-year earnings per share to be $0.83 to $0.87 versus previous guidance of $1.01 to $1.06. The consensus is $1.00.
Full-year operating margins are now expected to be about 7 percent and free cash flow is now expected to be about $650 million for the year.
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