Insight ReportGap (GPS) 3Q16 Results: EPS in Line with Consensus, Merchandise Margins Improve Coresight Research November 18, 2016 Executive Summary Gap reported 3Q16 revenues of $3.80 billion, down 1.5% year over year and slightly below the consensus estimate of $3.86 billion. Reported adjusted EPS was $0.60, in line with the consensus estimate but down 5% from the year-ago period. The overall merchandise margin improved by 220 basis points year over year, driven by Old Navy. The company expects full-year adjusted EPS of $1.87–$1.92, consistent with the prior guidance. The company expects total inventory to be down in the low single digits year over year for 2016. 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: Analyst Corner: From Models to Markets—The Accelerating Shift Toward AI Applications, with Charlie PoonRetail Crime and Shrink: US Shoppers Concerned About Theft Pushing Up Prices; Shoplifting Surges to Record Levels in EnglandUS Retail in the Rest of 2025: Normalized Demand and Leaner Inventories Ahead of a High-Stakes Holiday SeasonInnovator Profile: GrocerAI—Delivering Fast, Personalized Grocery Baskets with Agentic AI
