Gap Inc. Reports First Quarter Results
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Gap, Inc. (GPS) Tops Q1 EPS by 53c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
May 27, 2021 4:18 PM EDTGap, Inc. (NYSE: GPS) reported Q1 EPS of $0.48, $0.53 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $3.99 billion versus the consensus estimate of $3.44 billion.
First quarter comparable sales increased 28% year-over year, and 13% versus 2019Net sales of $4 billion were up 89% versus 2020 and up 8% compared to 2019 pre-COVID levelsReported earnings per share for the quarter were $0.43, and $0.48 on an adjusted basisReported Operating Margin of 6.0% with... More