Insight Report 3 minutes PremiumGap (GPS) 1Q16 Results: Gap Outlines Changes for the Long Term Coresight Research May 3, 2016 Executive Summary Gap Inc. reported 1Q EPS of $0.32, in line with consensus and the updated guidance provided on May 9th. Currency fluctuation negatively impacted EPS by $0.02. As previously reported, total revenues were $3.44 billion. Comps were down 5%. Management is not reaffirming its full-year EPS guidance. The company noted that the current consensus of $1.92 “falls within a reasonable range of potential outcomes.” The company also noted that trends in the apparel retail environment would need to improve from 1Q for EPS to get to $1.92. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Shoptalk 2024 “Shark Reef” Startup Pitch Competition: Recap—12 Innovators, Two Winners2Q23 US Earnings Season Wrap-Up: A Mixed Picture Due to Weak Demand and Higher Interest RatesIntroducing the FRESH Framework: Winning in Grocery with AI While Reducing Food WasteAnalyst Corner—Electronic Shelf Labels Are Here To Stay, with John Harmon
