Gap, Inc. (GPS) Tops Q4 EPS by 27c
Gap, Inc. (NYSE: GPS) reported Q4 EPS of $0.49, $0.27 better than the analyst estimate of $0.22. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.22 billion.
Full Year Fiscal 2024 | |||
Full Year Fiscal 2024 Outlook | Full Year Fiscal 2023 Results | ||
Net sales | Roughly flat on a 52-week basis | $14.9 billion | |
Gross margin | At least 50 bps expansion | 38.8 % | |
Operating expense | Approximately | ||
Operating income | Low-to-mid teens growth | ||
Effective tax rate | Approximately 28%  | 9.7 % | |
Capital expenditures | Approximately | $420 million | |
First Quarter Fiscal 2024 | |||
First Quarter Fiscal 2024 Outlook | First Quarter Fiscal 2023 Results | ||
Net sales | Roughly flat | $3.3 billion | |
Gross margin | At least 100 bps expansion | 37.2% (adjusted) | |
Operating expense | Approximately | ||
For earnings history and earnings-related data on Gap, Inc. (GPS) click here.