GAP: raises FY EPS target range.
(CercleFinance.com) - On the occasion of the publication of its Q2 results on Thursday evening, Gap raised its FY adjusted EPS target range to between 2.
02 dollars and 2.10 dollars, against a range of 1.95 dollar to 2.05 dollars previously.
Over the past quarter, the San Francisco based clothing chain generated 58 cents per share - excluding a 10-cent gain related to insurance payment for the fire at its Fishkill site - adjusted EPS exceeded the consensus by six cents.
Gap's revenues slipped to 3.8 billion dollars, mainly due to FX factors, although on a like-for-like basis, net revenues rose by 1%, driven by its Old Navy brand (+5%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
02 dollars and 2.10 dollars, against a range of 1.95 dollar to 2.05 dollars previously.
Over the past quarter, the San Francisco based clothing chain generated 58 cents per share - excluding a 10-cent gain related to insurance payment for the fire at its Fishkill site - adjusted EPS exceeded the consensus by six cents.
Gap's revenues slipped to 3.8 billion dollars, mainly due to FX factors, although on a like-for-like basis, net revenues rose by 1%, driven by its Old Navy brand (+5%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.