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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gap Inc | NYSE:GPS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.825 | 3.97% | 21.615 | 21.66 | 20.91 | 20.94 | 2,944,193 | 19:36:52 |
By Josh Beckerman
Gap Inc. gave rosy guidance for the fiscal year for which it plans to report on shortly, despite saying fourth-quarter overall sales declined and comparable sales at its three major brands fell in January.
Shares, up 4.7% in the past month, edged up 1.3% to $24.30 in after-hours trading.
Gap said its fiscal 2015 earnings per share excluding items are projected at $2.41 to $2.42, at the high of its earlier guidance.
The company also said its overall sales for the fourth quarter totaled $4.39 billion, down from $4.71 billion in the year-earlier quarter. Analysts polled by Thomson Reuters had forecast $4.46 billion.
The company saw a 6% comparable-store sales decline in January at Gap and noted that comparable sales fell 17% at Banana Republic and 6% at Old Navy.
Gap is slated to release full fourth-quarter results Feb. 25.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 08, 2016 17:01 ET (22:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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