Gap, Inc. (NYSE: GPS) reported Q2 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.79 billion.

Second Quarter 2016 Comparable Sales Results

Gap Inc.’s comparable sales for the second quarter of fiscal year 2016 were down 2 percent versus a 2 percent decrease last year. Comparable sales by global brand for the second quarter were as follows:

• Gap Global: negative 3 percent versus negative 6 percent last year
• Banana Republic Global: negative 9 percent versus negative 4 percent last year
• Old Navy Global: flat versus positive 3 percent last year

GUIDANCE:

Gap, Inc. sees FY2016 EPS of $1.87-$1.92, versus the consensus of $1.96.

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

Earnings Guidance Hot Earnings Hot Guidance Retail Sales

Credit Suisse Raises price Target on Gap, Inc. (GPS) to $22 Following 2Q Report August 19, 2016 11:43 AM FBR Capital Reiterates Market Perform on Gap, Inc. (GPS) Following 2Q Beat August 19, 2016 10:55 AM Jefferies Raises Price Target on Gap, Inc. (GPS) to $30; Reiterates Buy August 19, 2016 9:50 AM Cowen Reiterates Market Perform on Gap, Inc. (GPS) Flowing 2Q Report August 19, 2016 7:36 AM Stifel Says Strength in Old Navy Not Enough to Offset Other Weakness at Gap (GPS); Affirms at 'Hold'August 19, 2016 6:02 AM Gap Inc. Reports Second Quarter ResultsAugust 18, 2016 4:15 PM Gap (GPS) August volatility increases into Q2 and outlookAugust 18, 2016 1:23 PM Stocks with Implied Volatility MovementAugust 18, 2016 4:10 AM