Stifel Trims Ests on Gap (GPS) Following July, Q2 Sales Results; Firm on Light Inventory into Q3
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Cowen Cuts Price Target on Gap, Inc. (GPS) Following EPS Guidance and Ahead of 2Q Results
August 11, 2015 10:44 AM EDTCowen maintained a Market Perform rating on Gap, Inc. (NYSE: GPS), and cut the price target to $43.00 (from $46.00), following EPS guidance. GPS guided to 2Q EPS of $0.63-$0.64. GPS is set to report 2Q results on Thursday August 20th, after market... More
Gap, Inc. (GPS) July Comps Fell 3%; Guides Q2 EPS Below Consensus
August 10, 2015 4:01 PM EDTGap, Inc. (NYSE: GPS) reported that net sales for the four-week period ended August 1, 2015 were $1.12 billion compared with net sales of $1.17 billion for the four-week period ended August 2, 2014. For the second quarter of fiscal year 2015, Gap Inc.s net sales decreased 2 percent to $3.90 billion compared with $3.98 billion for the second quarter last year.
*** The Street was looking for Q2 revenue of $3.97 billion.
On a constant currency basis, net sales for the second quarter of fiscal year 2015 were about flat versus last year.1 The company noted that the translation of foreign currencies... More
