Gap, Inc. (GPS) Tops Q2 EPS by 29c, Raises FY EPS Guidance
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Gap Inc. Reports Second Quarter Results
August 26, 2021 4:15 PM EDTNet sales of $4.2 billion were the highest second quarter sales in over a decade, up 29% versus 2020 and up 5% compared to 2019 pre-COVID levels Second quarter comparable sales increased 12% versus 2019 Reported earnings per share for the quarter were $0.67, and $0.70 on an adjusted basis Reported operating margin for the quarter was 9.7%, and 10.2% on an adjusted basis Company raising full year outlook for sales, operating margin, and earnings per share Sales growth of about thirty percent versus 2020 Reported operating margin of about 7.0%; Adjusted operating margin of about... More
