Gap, Inc. (GPS) Reports In-Line Q1 EPS

Gap, Inc. (NYSE: GPS) reported Q1 EPS of $0.56, in-line with the analyst estimate of $0.56. Revenue for the quarter came in at $3.66 billion versus the consensus estimate of $3.76 billion.

Gap, Inc. reaffirmed FY2015 guidance.

First Quarter 2015 Comparable Sales Results

Gap Inc.’s comparable sales for the first quarter of fiscal year 2015 were down 4 percent versus negative 1 percent last year. Comparable sales by global brand for the first quarter were as follows:

• Gap Global: negative 10 percent versus negative 5 percent last year
• Banana Republic Global: negative 8 percent versus negative 1 percent last year
• Old Navy Global: positive 3 percent versus positive 1 percent last year

For earnings history and earnings-related data on Gap, Inc. (GPS) click here.

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