March 1, 2018 / 9:27 PM / 5 months ago

BRIEF-Gap Inc Q4 Earnings Per Share $0.52

March 1 (Reuters) - Gap Inc:

* Q4 EARNINGS PER SHARE $0.52

* Q4 FISCAL YEAR 2017 COMPARABLE SALES WERE UP 5 PERCENT COMPARED WITH AN INCREASE OF 2 PERCENT LAST YEAR

* ‍Q4 TAX RATE REFLECTS $34 MILLION OF NET PROVISIONAL IMPACTS RELATED TO ENACTMENT OF U.S. TCJA​

* ‍AT END OF Q4 OF FISCAL YEAR 2017, TOTAL INVENTORY WAS UP 9 PERCENT YEAR-OVER-YEAR​

* ‍WITH ADDITIONAL FLEXIBILITY PROVIDED BY TCJA, COMPANY EXPECTS CAPITAL SPENDING TO BE APPROXIMATELY $800 MILLION FOR FISCAL YEAR 2018​

* Q4 EARNINGS PER SHARE VIEW $0.58, REVENUE VIEW $4.67 BILLION -- THOMSON REUTERS I/B/E/S

* QTRLY OLD NAVY GLOBAL COMPARABLE SALES POSITIVE 9 PERCENT VERSUS POSITIVE 5 PERCENT LAST YEAR

* QTRLY BANANA REPUBLIC GLOBAL COMPARABLE SALES POSITIVE 1 PERCENT VERSUS NEGATIVE 3 PERCENT LAST YEAR

* COMPARABLE SALES FOR FISCAL YEAR 2018 ARE EXPECTED TO BE FLAT TO UP SLIGHTLY

* INTENDS TO CONTINUE ITS SHARE REPURCHASE PROGRAM, CURRENTLY EXPECTING TO REPURCHASE APPROXIMATELY $100 MILLION PER QUARTER

* FY EARNINGS PER SHARE VIEW $2.34 -- THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below