Gap Inc. NYSE: GPS sklepy z odzieżą
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Re: Gap Inc. NYSE: GPS odzież
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Re: Gap Inc. NYSE: GPS odzież
How Strong Comps Continue to Push Gap Even Higher
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Re: Gap Inc. NYSE: GPS odzież
Gap Executive Departure Shakes Confidence in Shares
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Re: Gap Inc. NYSE: GPS odzież
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Re: Gap Inc. NYSE: GPS sklepy z odzieżą
Why Gap Still Has Too Many Stores
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Re: Gap Inc. NYSE: GPS sklepy z odzieżą
Gap May Need to Close More Stores, Again
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Re: Gap Inc. NYSE: GPS sklepy z odzieżą
Gap May Close Hundreds Of Stores
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https://247wallst.com/retail/2018/11/21 ... of-stores/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
Re: Gap Inc. NYSE: GPS sklepy z odzieżą
Gap Stock Gaps Up On Breakup News; Old Navy To Be Separate Company
Gap Inc. announced it will split into two independent publicly traded companies, with Old Navy as a separate firm. Gap stock surged in late trade.
"It's clear that Old Navy's business model and customers have increasingly diverged from our specialty brands over time, and each company now requires a different strategy to thrive moving forward," said Chairman Robert Fisher.
Gap expects to implement the separation through a spinoff that will be tax-free to shareholders. The split is set to be completed in 2020.
The other firm, which is yet to be named, will hold the Gap brand, Athleta, Banana Republic, Intermix and Hill City.
This new company will generate about $9 billion in annual sales, while Old Navy will have about $8 billion in yearly sales, Gap said.
Old Navy CEO Sonia Syngal will head the new stand-alone namesake company, and Gap CEO Art Peck will remain CEO of what's being called "NewCo" for now.
Gap stock surged 25% in late trading after closing up 0.2% at 25.40 on the stock market today.
Gap Earnings
Gap also announced fourth quarter results and provided 2019 guidance. The retailer posted EPS of 72 cents vs. year-ago 52 cents, or 61 cents on an adjusted basis, missing views for 69 cents. Net sales dipped to $4.62 million, below views for $4.7 billion.
Same-store sales fell 1% in Q4 vs. a 5% increase last year. Old Navy comps were flat vs. up 9% last year. Gap comps were down 5% vs. flat last year. Banana Republic comps slipped 1% vs. a 1% increase last year.
Gaps sees diluted EPS of $2.11-$2.26 in fiscal 2019. Excluding costs tied to Gap brand fleet restructuring, it sees diluted EPS of $2.40-$2.55. Analyst consensus called for 2019 EPS of $2.56. It expects comp sales to be flat to up modestly in fiscal 2019.
CEO Art Peck said the EPS guidance came in the face of "macro headwinds and softer trends."
https://www.investors.com/news/gap-stoc ... -old-navy/
Gap Inc. announced it will split into two independent publicly traded companies, with Old Navy as a separate firm. Gap stock surged in late trade.
"It's clear that Old Navy's business model and customers have increasingly diverged from our specialty brands over time, and each company now requires a different strategy to thrive moving forward," said Chairman Robert Fisher.
Gap expects to implement the separation through a spinoff that will be tax-free to shareholders. The split is set to be completed in 2020.
The other firm, which is yet to be named, will hold the Gap brand, Athleta, Banana Republic, Intermix and Hill City.
This new company will generate about $9 billion in annual sales, while Old Navy will have about $8 billion in yearly sales, Gap said.
Old Navy CEO Sonia Syngal will head the new stand-alone namesake company, and Gap CEO Art Peck will remain CEO of what's being called "NewCo" for now.
Gap stock surged 25% in late trading after closing up 0.2% at 25.40 on the stock market today.
Gap Earnings
Gap also announced fourth quarter results and provided 2019 guidance. The retailer posted EPS of 72 cents vs. year-ago 52 cents, or 61 cents on an adjusted basis, missing views for 69 cents. Net sales dipped to $4.62 million, below views for $4.7 billion.
Same-store sales fell 1% in Q4 vs. a 5% increase last year. Old Navy comps were flat vs. up 9% last year. Gap comps were down 5% vs. flat last year. Banana Republic comps slipped 1% vs. a 1% increase last year.
Gaps sees diluted EPS of $2.11-$2.26 in fiscal 2019. Excluding costs tied to Gap brand fleet restructuring, it sees diluted EPS of $2.40-$2.55. Analyst consensus called for 2019 EPS of $2.56. It expects comp sales to be flat to up modestly in fiscal 2019.
CEO Art Peck said the EPS guidance came in the face of "macro headwinds and softer trends."
https://www.investors.com/news/gap-stoc ... -old-navy/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!
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