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Earnings per share in the quarter were $0.72, up 24% versus last year's reported earnings per share of $0.58 and up 22% versus last year's adjusted earnings per share of $0.59. Now, turning to the ...
Gap is showing signs of a comeback.In Q2, revenue grew 5% to $3.72 billion, compared to estimates of $3.63 billion, while adjusted earnings per share came in at $0.54, compared to estimates of $0.40.
Earnings per share in the quarter were $0.41 versus last year's reported loss per share of $0.05 and $0.01 of adjusted earnings per share. Now turning to the balance sheet and cash flow.
Gap's (GPS) Q2 performance is likely to have been negatively impacted by declines in in-store sales for all formats and changing consumers preference. Also, dismal margins remain a concern.
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For the year, Gap saw earnings per share of $0.30 to $0.60 compared to Street estimates for $1.30. On Tuesday, Gap declined to update its full-year profit outlook.
Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices and social events thanks to ...
Gap Inc., crediting macro tailwinds and growth strategies taking hold, swung into profitability last quarter amid huge comparable sales gains. The San Francisco-based operator of Gap, Old Navy ...