GAP: Q1 EPS falls short of consensus
(CercleFinance.com) - Late on Thursday Gap reported Q1 EPS that is up 17% at 42 cents, three cents below the consensus, with its adjusted operating margin declining 1.
1 point to 6.3%.
Revenue increased by 10% to 3.8 billion dollars, however, when excluding the effect of an extra week and a new accounting standard, sales rose by just 1% on a comparable basis, their sixth consecutive quarter of growth.
For the current fiscal year, the San Francisco based clothing chain has confirmed that it expects EPS of between 2.55 dollars and 2.70 dollars, for revenue that is stable or slightly up on a comparable basis.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 point to 6.3%.
Revenue increased by 10% to 3.8 billion dollars, however, when excluding the effect of an extra week and a new accounting standard, sales rose by just 1% on a comparable basis, their sixth consecutive quarter of growth.
For the current fiscal year, the San Francisco based clothing chain has confirmed that it expects EPS of between 2.55 dollars and 2.70 dollars, for revenue that is stable or slightly up on a comparable basis.
Copyright (c) 2018 CercleFinance.com. All rights reserved.