Gap Inc. Reports Fourth Quarter and Fiscal Year 2019 Results
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Gap, Inc. (GPS) Tops Q4 EPS by 17c, Offers Guidance, to Suspend Share Repurchases
March 12, 2020 4:23 PM EDTGap, Inc. (NYSE: GPS) reported Q4 EPS of $0.58, $0.17 better than the analyst estimate of $0.41. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.55 billion.
GUIDANCE:
Gap, Inc. sees FY2020 EPS of $1.80-$1.92, versus the consensus of $1.68.
Due to the evolving coronavirus situation, we are facing a period of uncertainty regarding the potential impact on both our supply chain and customer demand, said Sonia Syngal. During our 50-year history, Gap, Inc. has weathered many storms. We will benefit from our strong balance sheet and cash generation as well... More
