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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

29.40USD
17 Nov 2017
Change (% chg)

$1.92 (+6.99%)
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Latest Key Developments (Source: Significant Developments)

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

Gap Inc announces Q2 dividend of $0.23 per share
Thursday, 18 May 2017 04:16pm EDT 

May 18 (Reuters) - Gap Inc :Gap Inc announces second quarter dividend.Sets quarterly dividend of $0.23 per share.  Full Article

Gap Inc's Q1 sales $3.4 billion
Thursday, 18 May 2017 04:15pm EDT 

May 18 (Reuters) - Gap Inc :Gap Inc reports first quarter results.Reaffirms FY earnings per share view $1.95 to $2.05.Q1 earnings per share $0.36.Q1 sales $3.4 billion.Company continues to expect capital spending to be approximately $625 million for fiscal year 2017.Expects total inventory to be about flat at end of first half of fiscal year 2017 when compared with end of first half of fiscal year 2016.At end of Q1 of fiscal year 2017, total inventory was about flat year-over-year.Company now expects store count to be about flat at end of fiscal year 2017 compared with fiscal year 2016.Now expects total inventory to be about flat at end of first half of fiscal year 2017 when compared with end of first half of fiscal year 2016.Updated EPS guidance for H1 2017 to be down mid-single digits versus adjusted diluted earnings per share for first half of fiscal year 2016.Company expects to spend about $100 million on share repurchases in Q2 of fiscal 2017.Foreign currency fluctuations negatively impacted earnings per share for Q1 of fiscal year 2017 by an estimated $0.03.Company continues to expect capital spending to be approximately $625 million for fiscal year 2017.Company continues to expect comparable sales for fiscal year 2017 to be flat to up slightly.Gap Inc's comparable sales for Q1 of fiscal year 2017 were up 2 percent versus a 5 percent decrease last year.  Full Article

Gap Inc - as of Jan 28, 2017, co had workforce of about 135,000 employees
Monday, 20 Mar 2017 02:41pm EDT 

Gap Inc : Gap Inc - as of January 28, 2017, co had workforce of about 135,000 employees versus about 141,000 employees as of January 30, 2016 .Gap Inc - co's workforce includes combination of part-time and full-time employees.  Full Article

Gap executive says expects forex to continue to be headwind in 2017 - conf call
Thursday, 23 Feb 2017 06:22pm EST 

: Gap executive - in 2016, completed winddown of Old Navy Japan business & closure of number of Banana Republic stores primarily internationally - conf call . Gap executive - currently expect that foreign exchange will continue to be a headwind in 2017 - conf call . Gap executive - co's current plan would be to repurchase $100 million in shares in the first part of the year - conf call . Gap CEO - "I'm bullish on Athleta and I'm bullish on the brand's growth prospects" - conf call Further company coverage: [GPS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gap sets quarterly dividend of $0.23 per share
Thursday, 23 Feb 2017 04:16pm EST 

Gap Inc :Sets quarterly dividend of $0.23per share.  Full Article

Photo

Abercrombie, Gap rebound spark positive trends in apparel

Abercrombie & Fitch Co's solid showing in the latest quarter and robust holiday season sales forecast on Friday reinforced a raft of earnings reports that suggest a turnaround in the apparel retailing sector. | Video