Gap Inc. (GPS) announced, for the fourth quarter, the company expects reported earnings per share to be in the range of $0.54 to $0.55, or about $0.50 to $0.51 on an adjusted basis. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.45. Analysts' estimates typically exclude special items.
For the fourth quarter, Gap Inc.'s net sales increased 1 percent to $4.43 billion compared with $4.39 billion for the fourth quarter last year. Analysts polled by Thomson Reuters expect the company to report revenue of $4.4 billion. Gap Inc.'s comparable sales for the fourth quarter were up 2 percent. For the four-week period ended January 28, 2017, net sales increased 2 percent to $828 million compared with net sales of $813 million for the four-week period ended January 30, 2016.
For fiscal 2016, the company now expects reported earnings per share to be in the range of $1.68 to $1.69. On an adjusted basis, Gap Inc. now expects 2016 adjusted earnings per share to be in the range of $2.01 to $2.02. Analysts expect the company to report profit per share of $1.96. Gap Inc. will release its earnings results on February 23, 2017.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.