HALISTER: Gap Sinks 10% as April Comps. Miss Ests.; 1Q Prelim. Trails Est.

Gap Sinks 10% as April Comps. Miss Ests.; 1Q Prelim. Trails Est.

(Bloomberg) -- Gap April comp. sales -7.0% vs est. +1.1% (Retail Metrics); GPS down >10% post-market on >37k shares traded.
  • Comps by brand for April (y/y)
    • Gap Global -4.0% vs est. +3.2%
    • Banana Republic -7.0% vs est. -5.1%
    • Old Navy -10.0% vs est. +2.6%
  • 1Q Prelim. EPS $0.31 to $0.32, est. 44c; reports 1Q May 19
  • April sales call recording 800-427-6397, available at 4:15pm
Statement: Link Related News and Information: First Word scrolling panel: FIRST First Word newswire: NH BFW --With assistance from Sebastian Silva. To contact the reporter on this story: Janet Freund in New York at jfreund11@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Sebastian Silva
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GPS US (Gap Inc/The)

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