Gap, Inc. (GPS) Tops Q1 EPS by 53c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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Gap Inc. Reports First Quarter Results
May 27, 2021 4:15 PM EDTFirst quarter comparable sales increased 28% year-over year, and 13% versus 2019 Net sales of $4 billion were up 89% versus 2020 and up 8% compared to 2019 pre-COVID levels Reported earnings per share for the quarter were $0.43, and $0.48 on an adjusted basis Reported Operating Margin of 6.0% with Adjusted Operating Margin of 7.4% Company raising full year outlook for sales, operating margin, and earnings per share Sales growth up low-to mid-twenty percent range versus 2020 Operating Margin of about 6% on both a reported and adjusted... More
