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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

29.48USD
16 Jul 2018
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$0.08 (+0.27%)
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Latest Key Developments (Source: Significant Developments)

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

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

H&M, Gap to probe violence and sex abuse in Asian factories

LONDON (Thomson Reuters Foundation) - Fashion giants H&M and Gap Inc vowed on Tuesday to investigate reports that Asian garment workers who supply their high-street stores routinely face sex abuse, harassment and violence.