Insight Report 3 minutes PremiumGap (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. 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: Responses to Inflation—Shoppers Are Less Inclined To Cut Back Discretionary Spending: US Consumer Survey InsightsAmazon Apparel US Consumer Survey 2024: Amazon Regains Its Spot as America’s Most-Shopped Clothing and Footwear RetailerCoresight Bites: US Furniture and Home Furnishings—E-Commerce Penetration DeepensWeinswig’s Weekly: Predictive Analytics Creates a Strong Foundation for Data-Driven Decision-Making in Retail
