Gap Full Year 2023 Earnings: EPS Misses Expectations
Gap (NYSE:GPS) Full Year 2023 Results
Key Financial Results
Revenue: US$15.6b (down 6.3% from FY 2022).
Net loss: US$202.0m (down by 179% from US$256.0m profit in FY 2022).
US$0.55 loss per share (down from US$0.68 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gap EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 124%.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 15% from a week ago.
Be aware that Gap is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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