Company Earnings UpdateGap Inc. (NYSE: GPS) Fiscal 4Q19 Results: Gap and Old Navy to Split, 230 Stores to Close Coresight Research March 4, 2019 Executive Summary Gap reported fiscal 4Q19 revenues of $4.6 billion, down 3% year over year and lower than the $4.7 billion consensus estimate. The company reported 4Q19 EPS of $0.72, up from $0.52 in 4Q18, but below the $0.68 consensus estimate. The company’s comparable sales were down 1% in 4Q19, compared to a 5% increase in 4Q18. For FY20, Gap forecasts adjusted EPS of $2.40–2.55, excluding costs related to the Gap brand fleet restructuring. The company expects sales to be flat to slightly up, compared to the consensus estimate of up 0.5%. 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: Big Sur AI—Boosting Brands’ Profitability with Commerce-First AI AgentsUS Tariffs on Canada and Mexico: What US Consumers ThinkEarnings Insights 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other RetailersSector Focus: Home and Home-Improvement Shopping—Data Graphic
