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Gap Inc (GPS.N)

GPS.N on New York Stock Exchange

33.08USD
20 Jun 2018
Change (% chg)

$0.55 (+1.69%)
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Latest Key Developments (Source: Significant Developments)

Gap Inc - Amended And Restated Its $500 Mln Unsecured Revolving Credit Facility To Extend Termination Date To May 31, 2023
Friday, 1 Jun 2018 

June 1 (Reuters) - Gap Inc ::GAP INC - AMENDED AND RESTATED ITS $500 MILLION UNSECURED REVOLVING CREDIT FACILITY TO EXTEND TERMINATION DATE TO MAY 31, 2023 - SEC FILING.  Full Article

Gap expects Q4 selling, general, administrative costs to be up YoY
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Gap Inc :Gap Inc- Due to hurricanes, 277 stores were closed for an average of about 6 days in Q3 -conf call.Gap Inc- Q3 merchandise margin was about flat to last year -conf call.Gap Inc- expects YOY increase in Q4 SG&A as some production costs move out of Q3 and into Q4, incremental spend on digital in holiday season.  Full Article

GAP reports Q3 earnings per share of $0.58
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Gap Inc :Gap Inc reports third quarter results.Q3 sales $3.84 billion versus i/b/e/s view $3.76 billion.Q3 earnings per share $0.58.Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S.Sees FY adjusted earnings per share $2.08 to $2.12.Sees FY 2017 earnings per share $2.18 to $2.22.Gap inc's comparable sales for Q3 of fiscal year 2017 were up 3 percent versus a 1 percent decrease last year​.Company now expects comparable sales for fiscal year 2017 to be up low-single-digits​.Qtrly ‍old navy global comparable sales positive 4 percent versus positive 4 percent last year​.Qtrly Banana Republic global ‍comparable sales negative 1 percent versus negative 6 percent last year​.At end of Q3 of fiscal year 2017, total inventory was up 3 percent year over year​.Company noted inventory increase is "primarily due to the timing of in-transit inventory and the negative impact of foreign exchange​".Continues to expect capital spending to be about $625 million for fiscal year 2017.FY 2018 earnings per share view $2.06 -- Thomson Reuters I/B/E/S​.  Full Article

New York State Police- ATF National Response Team says fire incident at Gap intentionally set
Tuesday, 6 Sep 2016 

Gap Inc : New York State Police - ATF National Response Team concluded that fire incident at Gap Distribution Center in Fishkill, New York was intentionally set .New York State Police - NYSP and ATF are continuing the investigation.  Full Article

Gap Inc says comparable sales for August were down 3 percent
Thursday, 1 Sep 2016 

Gap Inc : Gap Inc. reports August sales results . Comparable sales for August 2016 were down 3 percent versus a 2 percent decrease last year . August sales fell 2 percent to $1.17 billion . "Currently assessing impact from a fire that recently occurred in a building located on its Fishkill, New York distribution center campus" .August same store sales view down 1.9 percent -- Thomson Reuters data.  Full Article

Gap Inc says there was a fire at its fishkill distribution centre on Monday
Tuesday, 30 Aug 2016 

Gap Inc : Gap Inc says there was a fire at its fishkill distribution centre in New York state on Monday Further company coverage: [GPS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gap Inc says there was a serious fire at a distribution center in Fishkill, New York
Tuesday, 30 Aug 2016 

Gap Inc : Gap Inc says there was a serious fire at a Gap Inc distribution center in Fishkill, New York . All employees who were on-site at the time are confirmed safe and accounted for; will continue to cooperate with investigation underway . Gap Inc says have contingency plans in place and are working across North American network of distributions centers to continue to serve customers Further company coverage: [GPS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gap posts Q2 earnings per share of $0.31
Thursday, 18 Aug 2016 

Gap Inc : Gap Inc reports second quarter results . Q2 earnings per share $0.31 . Q2 sales $3.85 billion versus $3.9 billion . Sees FY 2016 adjusted earnings per share $1.87 to $1.92 excluding items . Sees FY 2016 earnings per share $1.37 to $1.47 . Q2 adjusted Non-GAAP earnings per share $0.60 excluding items . Total inventory dollars were down about 3 percent at end of q2 of fiscal year 2016 . At end of Q3 of fiscal year 2016, company expects total inventory dollars to be down in low single digits year-over-year. . For fiscal year 2016, company continues to expect capital spending to be approximately $525 million . Continues to expect net closures of about 50 company-operated stores in fiscal year 2016 . Continues to expect square footage to be down about 2 percent for fiscal year 2016 when compared with fiscal year 2015. . Excluding restructuring costs, company now expects its adjusted operating margin to be about 8.5 percent in fiscal year 2016 . FY earnings per share view $1.96 -- Thomson Reuters I/B/E/S . Gap Inc CEO Peck says "remain unsatisfied with pace of improvement across the business" . Foreign currency fluctuations negatively impacted earnings per share for Q2 of fiscal year 2016 by an estimated $0.05 .Q2 earnings per share view $0.59, revenue view $3.78 billion -- Thomson Reuters I/B/E/S.  Full Article

Gap sets quarterly dividend of $0.23 per share
Thursday, 11 Aug 2016 

Gap Inc :Sets quarterly dividend of $0.23 per share.  Full Article

Gap estimates Q2 earnings per share $0.30 to $0.31
Monday, 8 Aug 2016 

Gap Inc : Sees Q2 2016 earnings per share $0.30 to $0.31 . July sales $1.1 billion versus $1.12 billion . Gap Inc. Reports july and second quarter sales results . Q2 sales $3.85 billion versus $3.9 billion . Sees q2 2016 earnings per share $0.58 to $0.59 excluding items . On a reported basis, company expects its diluted earnings per share for q2 of fiscal year 2016 to be in range of $0.30 to $0.31 . Q2 earnings per share view $0.48, revenue view $3.78 billion -- Thomson Reuters I/B/E/S . While performance varied during quarter, co made progress on streamlining initiatives and continued to see signs of improvement in larger brands . Comparable sales for july 2016 were down 4 percent versus a 3 percent decrease last year .Comparable sales for Q2 of fiscal year 2016 were down 2 percent versus a 2 percent decrease last year..  Full Article

Taiwan urges courage, defiance of China's "bullying" over web references

TAIPEI, June 7 Taiwan hopes countries around the world can show courage in the face of pressure from China on their companies to list the self-ruled island as part of China on their websites, Taiwan's foreign ministry said on Thursday.