GAP: Q2 above expectations
(CercleFinance.com) - On Thursday night GAP unveiled a 12% increase in Q2 EPS to 76 cents, four cents above the consensus, despite its adjusted operating margin slipping 0.
1 point to 10.1%.
At 4.1 billion dollars, revenue increased by 8%, although excluding the effect of one additional week and a new accounting standard, sales increased by 2% in comparable data.
For the current year, the San Francisco based clothing chain confirmed EPS of between 2.55 dollars and 2.70 dollars for revenue that is flat or slightly up in comparable data.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 point to 10.1%.
At 4.1 billion dollars, revenue increased by 8%, although excluding the effect of one additional week and a new accounting standard, sales increased by 2% in comparable data.
For the current year, the San Francisco based clothing chain confirmed EPS of between 2.55 dollars and 2.70 dollars for revenue that is flat or slightly up in comparable data.
Copyright (c) 2018 CercleFinance.com. All rights reserved.