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GAP: Q4 exceeds expectations

(CercleFinance.com) - Gap has announced that its adjusted EPS has increased by 20% to 61 cents per share, two cents above the consensus, with its revenues reaching 4.
8 billion dollars, up 5% on a like-for-like basis.

With adjusted EPS of 2.13 dollars and a comparable revenue growth of 3% over the full year, the group targets EPS of between 2.55 dollars and 2.70 dollars, for revenues that are flat or up slightly. growth for 2018.

The San Francisco based clothing chain has hence announced an annual dividend per share that is up over 5% at 97 cents. An initial quarterly instalment of 24.25 cents will be paid on 2 May.

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