Gap’s sales increased 9% to $4.8 billion in the quarter with US contributing 80% to sales, helped by strong holiday sales and improved margins. On a per share basis, adjusted earnings came in at $0.63, up 23.5% compared to the prior year period. Same-store sales growth was 5% for the quarter and 3% for the fiscal year 2017.
The retailer reported GAAP earnings of $0.52 per share compared to $0.55 in the fourth quarter of 2016. Reduction in earnings was mainly due to $34 million impact relating to recent income tax reforms. Gap paid $0.23 per share as dividend to shareholders in the quarter.
Fiscal 2018 Outlook
The company forecasts its reported EPS to be between $2.55 and $2.70. Same-store sales is expected to be flat to up for the year. On the capex front, Gap intends to spend $800 million to bolster its physical and digital experience to users. On the store front, 25 stores are expected to be opened by the company in fiscal 2018.
Most Popular
Important takeaways from Conagra Brands’ Q4 2025 report
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported weaker-than-expected sales and adjusted earnings for its fourth quarter, reflecting ongoing economic uncertainty and muted consumer spending.
Delta Air Lines (DAL) gains on strong Q2 2025 performance
Shares of Delta Air Lines (NYSE: DAL) rose 12% on Thursday after the company delivered strong results for the second quarter of 2025 and restored its guidance for the full
CAG Earnings: Conagra Brands Q4 adj. profit drops, misses estimates
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported lower sales and adjusted earnings for the fourth quarter of 2025. Results missed analysts' estimates. Net sales
