Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earnings Update

Gap Inc. (NYSE: GPS) 2Q19 Results: Sales Miss, Reiterates Adjusted EPS and Comps Guidance

#
Coresight Research

Key Points

  • 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 Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×