Insight Report 2 minutes PremiumGap (GPS) 2Q16 Results: Turnaround Continues Coresight Research August 19, 2016 Executive Summary Gap reported 2Q16 adjusted diluted EPS of $0.60, beating the consensus estimate by a penny and versus guidance of $0.58–$0.59. The figure excluded a $0.29 impact associated with the company’s restructuring plans. Total revenues were $3.85 billion, down 1.2% from $3.90 billion in the year-ago quarter. By brand, Gap comps were down 3%, Banana Republic comps were down 9% and Old Navy comps were flat. Management updated its full-year diluted EPS guidance to $1.37–$1.47. Excluding the negative impact of restructuring costs, which is expected to be $0.45–$0.50, the company expects its adjusted diluted EPS to be $1.87–$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: January 2024 Leading Indicators of US Retail Sales: Higher Inflation Hints at Weakened Retail Sales To Start the YearUS Back to School 2024: How and Where Will Consumers Shop?—Uncovering the Channels and Retailers Set To Capture ShareGroceryshop 2023 “Shark Reef” Startup Pitch: All You Need To KnowHead-to-Head in US Drugstore Retailing: CVS Health vs. Walgreens Boots Alliance