Company Earnings UpdateGap Inc. (NYSE: GPS) 1Q19 Results: Misses on Sales and Consensus, Lowers Guidance Coresight Research June 3, 2019 Executive Summary Gap reported fiscal 1Q19 revenues of $3.71 billion, down 2.0% year over year and below the consensus estimate of $3.77 billion. Earnings per share (EPS) were $0.24, down 42.9% from the year-ago period, and lower than the consensus estimate of $0.32. Comparable sales were down 4.0% compared with the consensus estimate of (1.5)%, and down from the year-ago period of a 1% increase. For the full fiscal year, the company lowered its earnings per share guidance to the range of $2.04-2.14, down from $2.40-2.55. The company lowered guidance for comparable sales for fiscal year 2019, and expects comps to decline by low single digits, compared to its previous guidance of flat to up slightly and versus the consensus estimate of 0.2%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Earnings Insights 1Q25: Wrap-Up—Growth Outpaces Declines Across Most Sectors4Q24 Retail Inventory Insights: Retailers Maintain Lean Inventories as Overall Inventory Ratio Remains UnchangedWeekly UK Store Openings and Closures Tracker 2025, Week 43: Gap Returns To Physical Stores2025 Tariffs: What Do US Consumers Think?—Proprietary Survey Insights
