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: Innovator Profile: Wayvee Analytics—Analyzing Customer Emotions to Boost Store and Shelf PerformanceUS CPG Sales Tracker: CPG E-Commerce Spikes and Beauty Sales Growth Jumps, Driven by Prime Day and Competing July 2025 Sales EventsWeekly US Store Openings and Closures Tracker 2025, Week 25: Furniture Frenzy—At Home’s Bankruptcy, Ashley’s Store Renewal and Openings from IKEA, Wayfair and MoreUS Grocery Retailing—Market Forecast and Competitive Landscape: Nontraditional Grocers To Gain Share Amid Weak Volume Demand and Tariff Pressures
