Company Earnings UpdateGap Inc. (NYSE: GPS) 2Q19 Results: Sales Miss, Reiterates Adjusted EPS and Comps Guidance Coresight Research August 23, 2019 Executive Summary Gap reported fiscal 2Q19 revenues of $4.0 billion, down 2.0% year over year, slightly missing the consensus estimate. Adjusted earnings per share (EPS) were $0.63, down 17.1% from the year-ago period, but ahead of the consensus estimate of $0.53. Comparable sales declined 4.0% versus the consensus estimate of a 3.0% decrease, and versus a year-ago 2.0% comp increase. For the full fiscal year, the company lowered its EPS guidance to the range of $1.88-2.08, down from $2.04-2.14. The company reiterated its adjusted EPS guidance of $2.05-2.15 and continues to expect comps to decline by low single digits for fiscal 2019. 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 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report DeclinesAnalyst Corner: Five CPG Sector Insights from This Quarter’s Earnings, with Madhav PitaliyaThe STORE Framework for Driving Innovation in RetailSentiment Declines After Weeks of Gains; Plus, Beauty Shopping in Focus: US Consumer Survey Insights
