Gap, Inc. (GPS) Tops Q4 EPS by 3c, Offers FY Guidance

Gap, Inc. (NYSE: GPS) reported Q4 EPS of $0.72, $0.03 better than the analyst estimate of $0.69. Revenue for the quarter came in at $4.62 billion versus the consensus estimate of $4.7 billion.

Due to the 53rd week in fiscal 2017, comparable sales for the fourth quarter and fiscal year 2018 are compared with the 13-week and 52-week periods ended February 3, 2018. On this basis, the company’s fourth quarter comparable sales were down 1% compared with a 5% increase last year.

GUIDANCE:

Gap, Inc. sees FY2019 EPS of $2.40-$2.55, versus the consensus of $2.63.

Comparable Sales

The company expects comparable sales for fiscal year 2019 to be flat to up slightly.

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

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