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GAP: FY targets increased again.

(CercleFinance.com) - On the publication of Q3 results that were better than expected, on Thursday evening Gap raised its FY adjusted EPS target range to between 2.
08 and 2.12 dollars, against 2.02 to 2.10 dollars previously.

Over the past quarter, the clothing chain has earned 58 cents per share, meaning adjusted EPS that is four cents above the consensus, on revenues of 3.84 billion dollars, up 3% like-for-like.

This growth in the San Francisco based group's sales at constant stores has been led by Old Navy (+4%), while the Gap itself (+1%) and Banana Republic (-1%) were more or less flat.

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