Recap: Gap Q3 Earnings

Shares of Gap GPS fell 7.37% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 52.83% year over year to $0.25, which missed the estimate of $0.32.

Revenue of $3,994,000,000 declined by 0.10% year over year, which beat the estimate of $3,820,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Gap hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 24, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.gapinc.com%2F&eventid=2731514&sessionid=1&key=730A35E64E367E717657409371AA097E&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $26.54

52-week low: $5.26

Price action over last quarter: Up 53.08%

Company Profile

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, Athleta, Hill City, Janie and Jack, and Intermix brands. Old Navy generates nearly half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates more than 3,200 stores in North America, Europe, and Asia and franchises nearly 600 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.