Back to mobile site

Gap, Inc. (GPS) Tops Q4 EPS by 27c

March 7, 2024 4:17 PM EST

Gap, Inc. (NYSE: GPS) reported Q4 EPS of $0.49, $0.27 better than the analyst estimate of $0.22. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.22 billion.

Full Year Fiscal 2024

Full Year Fiscal 2024 Outlook

Full Year Fiscal 2023 Results

Net sales

Roughly flat on a 52-week basis

$14.9 billion

Gross margin

At least 50 bps expansion

38.8 %

Operating expense

Approximately $5.1 billion

$5.17 billion (adjusted)

Operating income

Low-to-mid teens growth

$606 million (adjusted)

Effective tax rate

Approximately 28%

9.7 %

Capital expenditures

Approximately $500 million

$420 million

First Quarter Fiscal 2024

First Quarter Fiscal 2024 Outlook

First Quarter Fiscal 2023 Results

Net sales

Roughly flat

$3.3 billion

Gross margin

At least 100 bps expansion

37.2% (adjusted)

Operating expense

Approximately $1.2 billion

$1.20 billion (adjusted)

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



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Hot Earnings

Related Entities

Earnings