Company Earnings Update 3 minutesRegister for Free AccessGap (GPS) 4Q16 Results: Solid Earnings and a Revenue Beat; Comps Expected to Be Flat to Up Slightly for FY17 Coresight Research February 24, 2017 Executive Summary Gap reported 4Q16 adjusted EPS of $0.51, down from $0.57 in the year-ago quarter but above the consensus estimate of $0.50. The company reported revenue of $4.43 billion, up 1% from the year-ago quarter and above the $4.41 billion consensus estimate. Same-store sales increased by 2% during the quarter, compared with a decline of 7% in the prior-year period. For FY16, total comps declined by 2%. A comp increase of 1% for the Old Navy brand was offset by a 3% decrease for the Gap brand and a 7% decrease for the Banana Republic brand. For FY17, Gap expects EPS of $1.95–$2.05, including a $0.09 negative impact from foreign currency and exchange rates, versus consensus of $2.06. Same-store sales for the full year are expected to be flat to up slightly, versus the consensus estimate of a 0.5% increase. 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: ChatGPT and Generative AI: Five Things Retailers Should KnowCES 2023: 12 Innovative Startups Seen at Pepcom Digital Experience!Market Navigator: US Apparel and Footwear Retailing—Executive SummaryConsumers’ Channel Preferences Gradually Shift: China Consumer Survey Insights