Gap: returns to positive EPS in Q4

(CercleFinance.com) - On Thursday evening, Gap reported adjusted EPS of $0.
49 for the last three months of its 2023 fiscal year, compared with a loss of $0.75 a year earlier, with operating margin up to 5%, reflecting continued financial and operational rigor.

At $4.3bn, the clothing chain's sales were up 1% 'with market share gains'. On a comparable basis, they were stable, with a 4% increase in physical store sales and a 2% decline in online sales.

For the year ahead, the San Francisco-based group anticipates growth in operating profit in the low to mid 10% range, as well as overall stable sales on a 52-week basis.


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