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GPS Gap Inc

21.615
0.825 (3.97%)
Last Updated: 19:36:52
Delayed by 15 minutes
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

Gap Gives Rosy Guidance for Full Year

08/02/2016 10:16pm

Dow Jones News


Gap (NYSE:GPS)
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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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