Gap Shares Rally on Q4 Profit, Upbeat Guidance

4
Comment
Favorite

Gap Shares Rally on Q4 Profit, Upbeat Guidance

Seeking Alpha03-08

Led by positive comparable sales for its Old Navy and Gap brands, Gap Inc (NYSE:GPS) swung to a profit and posted better-than-expected results for Q4, driving shares higher in Thursday’s after-hours ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2417570749?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-08 07:35","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2417570749","market":"us","top_or_hot":-1,"title":"Gap Shares Rally on Q4 Profit, Upbeat Guidance","media":"Seeking Alpha","content":"<div>\n<p>Led by positive comparable sales for its Old Navy and Gap brands, Gap Inc (NYSE:GPS) swung to a profit and posted better-than-expected results for Q4, driving shares higher in Thursday’s after-hours ...</p>\n\n<a href=\"https://seekingalpha.com/news/4077445-gap-shares-rally-q4-profit-upbeat-guidance\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gap Shares Rally on Q4 Profit, Upbeat Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGap Shares Rally on Q4 Profit, Upbeat Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-08 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4077445-gap-shares-rally-q4-profit-upbeat-guidance><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Led by positive comparable sales for its Old Navy and Gap brands, Gap Inc (NYSE:GPS) swung to a profit and posted better-than-expected results for Q4, driving shares higher in Thursday’s after-hours ...</p>\n\n<a href=\"https://seekingalpha.com/news/4077445-gap-shares-rally-q4-profit-upbeat-guidance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://seekingalpha.com/news/4077445-gap-shares-rally-q4-profit-upbeat-guidance","article_id":"2417570749","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417570749","pubTimestamp":1709854500,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Led by positive comparable sales for its Old Navy and Gap brands, Gap Inc (NYSE:GPS) swung to a profit and posted better-than-expected results for Q4, driving shares higher in Thursday’s after-hours t","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4094":"服装零售","BK7004":"房地产服务","BK4585":"ETF&股票定投概念"},"translate_title":"Gap股价因第四季度利润反弹，指引乐观","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Led by positive comparable sales for its Old Navy and Gap brands, Gap Inc (NYSE:GPS) swung to a profit and posted better-than-expected results for Q4, driving shares higher in Thursday’s after-hours trade.“The fourth quarter exceeded expectations on several key metrics along with market share gains, reflecting improved trends at Old Navy and Gap and strong continued progress on margins and cash flow,” Gap CEO Richard Dickson said.The retailer earned a profit of $0.49 per share versus a loss of $0.75 per share last year, on a 1.3% increase in revenue, both of which beat expectations. Comparable sales were flat versus expectations to be down. Store sales were up 4% from last year, while online sales were down 2% year-over-year.Cash and cash equivalents increased by 54% to $1.87B while the company’s free cash flow improved to $1.11B from ($78M) last year. Inventory at the end of the year was down 16% to $2B.For the entire company, gross margin expanded by 530 basis points to 38.9% and the merchandise margin was up 500 basis points YoY.Taking into consideration the “continued uncertain consumer and macro environment” Gap (GPS) expects net sales to be flat from 2023 sales of $14.9B, in-line with the Street’s consensus estimate. Gross margin is expected to expand 50 basis points.For Q1, the company expects sales to be flat from $3.3B in Q1 2023 versus $3.27B, and gross margin to expand by 100 basis points from 37.2% in the same quarter last year.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}