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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

25.90USD
16 Nov 2018
Change (% chg)

$-0.32 (-1.22%)
Prev Close
$26.22
Open
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Day's High
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$25.42
Volume
1,669,416
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$35.66
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$25.27

Latest Key Developments (Source: Significant Developments)

Gap Sets Quarterly Dividend Of $0.2425Per Share
Thursday, 15 Nov 2018 02:30pm EST 

Gap Inc ::SETS QUARTERLY DIVIDEND OF $0.2425PER SHARE.  Full Article

Greenlight Capital Takes Share Stake In Altice USA, Cuts In GM
Wednesday, 14 Nov 2018 04:30pm EST 

Nov 14 (Reuters) - Greenlight Capital Inc::GREENLIGHT CAPITAL INC TAKES SHARE STAKE IN ALTICE USA INC OF 2.9 MILLION SHARES - SEC FILING.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN GENERAL MOTORS CO BY 29.7 PERCENT TO 14.9 MILLION SHARES.GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN GAP INC.GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN AUTOZONE INC.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN CNX RESOURCES CORP BY 54.1 PERCENT TO 3.5 MILLION SHARES.GREENLIGHT CAPITAL INC - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

Gap Inc Announces Q1 Dividend
Wednesday, 23 May 2018 04:15pm EDT 

May 23 (Reuters) - Gap Inc ::ANNOUNCES SECOND QUARTER DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.2425 PER SHARE.  Full Article

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

Stitch Fix loses third of value after mixed quarterly report

SAN FRANCISCO Shares of Stitch Fix tumbled 34 percent on Tuesday and were heading for their worst session since their Wall Street debut after the personal online clothing service showed mixed quarterly results.