Key Developments: Gap Inc (GPS)
42.34USD
18 Jun 2013
$0.56 (+1.34%)
$41.78
$41.89
$42.39
$41.79
2,252,821
3,709,044
$42.40
$25.97
Latest Key Developments (Source: Significant Developments)
Marimekko Oyj Teams Up with Gap Inc's Banana Republic for Summer 2014 Capsule Collection
Marimekko Oyj announced that the company and Banana Republic, a brand owned by Gap Inc., have signed an agreement to collaborate and design a capsule collection for summer 2014. The capsule collection will be sold in select Banana Republic stores and online channels worldwide. Full Article
GAP Inc Reaffirms FY 2013 EPS Guidance
GAP Inc reaffirmed its fiscal 2013 diluted earnings per share (EPS) guidance of $2.52 to $2.60. Full Article
GAP Inc Announces Quarterly Dividend
GAP Inc announced that its Board of Directors authorized a quarterly dividend of $0.15 per share payable on or after July 31, 2013 to shareholders of record at the close of business on July 10, 2013. Full Article
GAP Inc Issues Q1 2013 EPS Guidance Above Analysts' Estimates
GAP Inc announced that for the first quarter of 2013, it expects diluted earnings per share to be in the range of $0.68 to $0.69. includes a benefit of about $0.04 related to the favorable resolution of tax matters in the quarter. Of this $0.04 benefit, about $0.02 is reflected in interest and $0.02 is reflected in the tax rate. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.56 for the first quarter of 2013. Full Article
GAP Inc Announces Plan To Increase Dividend by 20 % For 2013
GAP Inc announced that Board of Directors has approved a plan to increase the Company`s annual dividend per share by 20%, from $0.50 in fiscal year 2012 to $0.60 in fiscal year 2013. The first quarterly dividend of $0.15 per share was declared for payment on or after May 1, 2013 to shareholders of record at the close of business on April 10, 2013. Additional quarterly dividends are expected to be paid in July, October, and January. Full Article
GAP Inc Issues FY 2013 EPS Guidance Below Analysts' Estimates
GAP Inc announced that for fiscal 2013, it expects diluted earnings per share to be in the range of $2.52 to $2.60. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.62 for fiscal 2013. Full Article
GAP Inc Issues Q4 2012 EPS Guidance Above Analysts' Estimates
GAP Inc announced that diluted earnings per share guidance for the fourth quarter of 2012 to be in the range of $0.70 to $0.71. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $0.69 for the fourth quarter of 2012. Full Article
US-Based GAP Inc Readies Plans To Open Stores In India Next Year-The Economic Times
The Economic Times reported that Gap Inc, the casual wear retailer in the United States, is readying plans to open stores in India sometime next year, making it one of the highest profile global brands to set up shop in the country after it threw open the single-brand sector to foreign firms. Full Article
GAP Inc Approves New $1 Billion Share Repurchase Authorization
GAP Inc announced that its Board of Directors approved a new $1 billion share repurchase authorization for the Company`s common stock, reinforcing the Company`s commitment to returning excess cash to shareholders. The new $1 billion repurchase program for Gap Inc.`s stock follows the Company`s previous $1 billion share repurchase program, which was completed during the fourth quarter of fiscal year 2012. The Company repurchased approximately 17 million shares for about $539 million during the fourth quarter of fiscal year 2012 to date. Full Article
GAP Inc To Buy Intermix Inc-Reuters
Reuters reported that GAP Inc will buy women's fashion boutique Intermix Inc for $130 million to enter the luxury clothes market, the Wall Street Journal reported. Officials with Gap could not be reached for comment outside regular U.S. business hours. Full Article
BRIEF-Gap CEO says "things are still challenging, but they (consumers) are starting to feel a little bit better"
May 23 - Gap Inc : * CEO says "things are still challenging, but they (consumers) are starting to
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