Gap Inc. Reports First Quarter Results

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Gap, Inc. (GPS) Misses Q1 EPS by 8c, Comps Decline 4%, FY EPS Guidance Misses

May 30, 2019 4:17 PM EDT

Gap, Inc. (NYSE: GPS) reported Q1 EPS of $0.24, $0.08 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $3.71 billion versus the consensus estimate of $3.77 billion.

The companys first quarter fiscal year 2019 comparable sales were down 4% compared with a 1%... More