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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

29.91USD
25 Apr 2018
Change (% chg)

$0.72 (+2.47%)
Prev Close
$29.19
Open
$29.10
Day's High
$30.07
Day's Low
$28.94
Volume
1,345,015
Avg. Vol
1,263,379
52-wk High
$35.66
52-wk Low
$21.02

Latest Key Developments (Source: Significant Developments)

Gap Says CEO Arthur Peck's FY 2017 Total Compensation Was $15.6 Mln
Tuesday, 10 Apr 2018 04:45pm EDT 

April 10 (Reuters) - Gap Inc ::GAP INC SAYS CEO ARTHUR PECK'S FY 2017 TOTAL COMPENSATION WAS $15.6 MILLION VS $8.9 MILLION IN FY 2016 - SEC FILING.  Full Article

Gap's Chief Accounting Officer Dara Bazzano To Retire
Thursday, 22 Mar 2018 01:04pm EDT 

March 22 (Reuters) - Gap Inc ::GAP SAYS CHIEF ACCOUNTING OFFICER DARA BAZZANO NOTIFIED HER INTENTION TO RESIGN - SEC FILING.CO'S CFO TERI LIST-STOLL TO SERVE AS COMPANY'S PRINCIPAL ACCOUNTING OFFICER.  Full Article

Gap Inc Q4 Earnings Per Share $0.52
Thursday, 1 Mar 2018 04:15pm EST 

March 1 (Reuters) - Gap Inc ::. REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS.Q4 SALES $4.8 BILLION.SEES FY 2018 EARNINGS PER SHARE $2.55 TO $2.70.Q4 ADJUSTED EARNINGS PER SHARE $0.61 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.52.Q4 FISCAL YEAR 2017 COMPARABLE SALES WERE UP 5 PERCENT COMPARED WITH AN INCREASE OF 2 PERCENT LAST YEAR.‍Q4 TAX RATE REFLECTS $34 MILLION OF NET PROVISIONAL IMPACTS RELATED TO ENACTMENT OF U.S. TCJA​.‍AT END OF Q4 OF FISCAL YEAR 2017, TOTAL INVENTORY WAS UP 9 PERCENT YEAR-OVER-YEAR​.‍WITH ADDITIONAL FLEXIBILITY PROVIDED BY TCJA, COMPANY EXPECTS CAPITAL SPENDING TO BE APPROXIMATELY $800 MILLION FOR FISCAL YEAR 2018​.Q4 EARNINGS PER SHARE VIEW $0.58, REVENUE VIEW $4.67 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY OLD NAVY GLOBAL COMPARABLE SALES POSITIVE 9 PERCENT VERSUS POSITIVE 5 PERCENT LAST YEAR.QTRLY BANANA REPUBLIC GLOBAL COMPARABLE SALES POSITIVE 1 PERCENT VERSUS NEGATIVE 3 PERCENT LAST YEAR.COMPARABLE SALES FOR FISCAL YEAR 2018 ARE EXPECTED TO BE FLAT TO UP SLIGHTLY.INTENDS TO CONTINUE ITS SHARE REPURCHASE PROGRAM, CURRENTLY EXPECTING TO REPURCHASE APPROXIMATELY $100 MILLION PER QUARTER.FY EARNINGS PER SHARE VIEW $2.34 -- THOMSON REUTERS I/B/E/S.  Full Article

Gap Authorized Q1 Fiscal Year 2018 Dividend Of $0.2425 Per Share
Thursday, 1 Mar 2018 04:10pm EST 

March 1 (Reuters) - Gap Inc ::GAP INC. ANNOUNCES FIRST QUARTER DIVIDEND.GAP INC - AUTHORIZED A Q1 FISCAL YEAR 2018 DIVIDEND OF $0.2425 PER SHARE.  Full Article

Gap Announces Departure Of Gap Brand President
Tuesday, 20 Feb 2018 08:30am EST 

Feb 20 (Reuters) - Gap Inc ::GAP INC. ANNOUNCES DEPARTURE OF GAP BRAND PRESIDENT.GAP INC. ANNOUNCES DEPARTURE OF GAP BRAND PRESIDENT.GAP INC - ‍JEFF KIRWAN, PRESIDENT AND CEO OF GAP BRAND, WILL LEAVE COMPANY​.GAP INC - ‍A SEARCH IS UNDERWAY FOR A NEW PRESIDENT OF GAP BRAND; IN INTERIM, BRENT HYDER, WILL OVERSEE BRAND​.  Full Article

Gap expects Q4 selling, general, administrative costs to be up YoY
Thursday, 16 Nov 2017 06:19pm EST 

Nov 16 (Reuters) - Gap Inc :Gap Inc- Due to hurricanes, 277 stores were closed for an average of about 6 days in Q3 -conf call.Gap Inc- Q3 merchandise margin was about flat to last year -conf call.Gap Inc- expects YOY increase in Q4 SG&A as some production costs move out of Q3 and into Q4, incremental spend on digital in holiday season.  Full Article

GAP reports Q3 earnings per share of $0.58
Thursday, 16 Nov 2017 04:15pm EST 

Nov 16 (Reuters) - Gap Inc :Gap Inc reports third quarter results.Q3 sales $3.84 billion versus i/b/e/s view $3.76 billion.Q3 earnings per share $0.58.Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S.Sees FY adjusted earnings per share $2.08 to $2.12.Sees FY 2017 earnings per share $2.18 to $2.22.Gap inc's comparable sales for Q3 of fiscal year 2017 were up 3 percent versus a 1 percent decrease last year​.Company now expects comparable sales for fiscal year 2017 to be up low-single-digits​.Qtrly ‍old navy global comparable sales positive 4 percent versus positive 4 percent last year​.Qtrly Banana Republic global ‍comparable sales negative 1 percent versus negative 6 percent last year​.At end of Q3 of fiscal year 2017, total inventory was up 3 percent year over year​.Company noted inventory increase is "primarily due to the timing of in-transit inventory and the negative impact of foreign exchange​".Continues to expect capital spending to be about $625 million for fiscal year 2017.FY 2018 earnings per share view $2.06 -- Thomson Reuters I/B/E/S​.  Full Article

Gap expects to add about 70 new stores​ over next 3 yrs
Wednesday, 6 Sep 2017 09:00am EDT 

Sept 6 (Reuters) - Gap Inc :Gap Inc - ‍over next three years, company expects to add about 70 net new stores​.Gap Inc - ‍over next three years company expects closure of about 200 underperforming Gap and Banana Republic specialty locations​.Company expects about $500 million in expense savings over next three years by better leveraging its size and scale.  Full Article

Gap Inc Q2 earnings per share $0.68
Thursday, 17 Aug 2017 04:15pm EDT 

Aug 17 (Reuters) - Gap Inc :Gap Inc reports second quarter results.Q2 sales $3.8 billion versus I/B/E/S view $3.77 billion.Sees FY 2017 adjusted earnings per share $2.02 to $2.10 excluding items.Sees FY 2017 earnings per share $2.12 to $2.20.Q2 earnings per share $0.68.Gap Inc - ‍at end of Q2 of fiscal year 2017, total inventory was up 5 percent​.Q2 adjusted earnings per share $0.58 excluding items.Gap Inc - company continues to expect capital spending to be approximately $625 million for fiscal year 2017.Gap Inc - ‍continues to expect comparable sales for fiscal year 2017 to be flat to up slightly​.Q2 same store sales rose 1 percent.Gap Inc - ‍company continues to expect store count to be about flat at end of fiscal year 2017 compared with fiscal year 2016​.FY earnings per share view $2.00, revenue view $15.53 billion -- Thomson Reuters I/B/E/S.Gap Inc - ‍ net sales for fiscal year 2017 are expected to be slightly below comparable sales guidance.Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.Gap Inc - ‍company expects to spend about $100 million on share repurchases in Q3 of fiscal year 2017​.  Full Article

Orotongroup enters into a binding agreement with Gap Inc
Thursday, 3 Aug 2017 07:13pm EDT 

Aug 4 (Reuters) - Orotongroup Ltd :‍Orotongroup has entered into a binding agreement with Gap Inc to discontinue Gap franchise business in Australia.Company is currently working through details of closure plan, it is too early to quantify financial impact."This decision will end group's future investment in franchise, limiting related future losses"​.  Full Article

UPDATE 3-Euro zone bond yields at 1-month high as oil surges

* Italy/German yield gap at tightest since August 2016 (Updates price action)