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Gap, Inc. (GPS) Tops Q4 EPS by 27c

March 7, 2024 4:17 PM

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 $5.1 billion

$5.17 billion (adjusted)

Operating income

Low-to-mid teens growth

$606 million (adjusted)

Effective tax rate

Approximately 28%

9.7 %

Capital expenditures

Approximately $500 million

$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 $1.2 billion

$1.20 billion (adjusted)

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

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