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Last $38.53 USD
Change Today +0.025 / 0.06%
Volume 1.9M
GPS On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 12:54 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

gap inc/the (GPS) Key Developments

Gap, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Reaffirms Earnings Outlook for the Full Year 2015

Gap, Inc. reported unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the period, the company’s net sales were $3,657 million against $3,774 million a year ago. Operating income was $386 million against $443 million a year ago. Income before income tax was $382 million against $426 million a year ago. Net income was $239 million against $260 million a year ago. Diluted earnings per share were $0.56 against $0.58 a year ago. Net cash provided by operating activities was $211 million against $513 million a year ago. Purchases of property and equipment were $150 million against $162 million a year ago. The company also reaffirmed its full year earnings per share guidance to be in the range of $2.75 to $2.80. The company continues to expect its full-year fiscal 2015 effective tax rate to be about 38%. For fiscal year 2015, the company continues to expect capital spending to be approximately $800 million. The company continues to expect depreciation and amortization expense, net of amortization of lease incentives, to be about $525 million for fiscal year 2015.

Gap Inc. Announces Second Quarter Dividend, Payable on or After July 29, 2015

Gap Inc. announced that its board of directors authorized a quarterly dividend of $0.23 per share payable on or after July 29, 2015 to shareholders of record at the close of business on July 8, 2015.

The Gap, Inc., Q1 2016 Earnings Call, May 21, 2015

The Gap, Inc., Q1 2016 Earnings Call, May 21, 2015

Gap Announces Sales Results for the Month and First Quarter Ended April 2015; Provides Earnings Guidance for the First Quarter of 2015

Gap announced sales results for the month and first quarter ended April 2015. For the month, the company reported sales of $1.21 billion, down from $1.33 billion last year. April comparable sales for April 2015 were down 12% versus positive 9% last year. It estimates the translation of foreign sales into U.S. dollars pushed this figure down by about $90 million, driven largely by the weakening Japanese yen and Canadian dollar. For the quarter, sales were down 3% to $3.66 billion and comparable sales were down 4% versus negative 1% last year. The company expects EPS in the range of $0.55 to $0.56 for the first quarter of 2015.

Gap Inc. Reports Sales Results for the Five Week Period Ended April 4, 2015

Gap Inc. reported sales results for the five week period ended April 4, 2015. For the period, the company reported net sales increased 1% to $1.53 billion compared with net sales of $1.51 billion for the five-week period ended April 5, 2014. The company’s comparable sales for March 2015 were up 2% versus a 6% decrease last year.

 

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Company Last Change
adidas AG $39.19 USD -0.76
Bed Bath & Beyond Inc $71.63 USD -0.13
Kering €159.95 EUR -2.45
Nordstrom Inc $72.99 USD -0.64
Clorox Co/The $108.27 USD -0.66
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Industry Analysis

GPS

Industry Average

Valuation GPS Industry Range
Price/Earnings 13.2x
Price/Sales 1.0x
Price/Book 5.5x
Price/Cash Flow 12.8x
TEV/Sales 0.8x
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