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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Tapestry’s Acquisition of Capri Holdings Paves the Way for an American Luxury PowerhouseGenerative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AIStore Tracker Extra: US and UK Store Openings and Closures 2022 Review and 2023 OutlookMay 2023 US Housing Market Indicators: Sharp Rise in New Home Sales