Earnings

Gap (GPS) Q4 earnings 2022

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Gap reported disappointing holiday-quarter results Thursday and announced a series of executive changes as the struggling retailer continues to search for a permanent CEO.

Shares of the company fell in off-hours trading.

Here’s how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:

  • Loss per share: 75 cents, vs. 46 cents expected
  • Revenue: $4.24 billion vs. $4.36 billion expected

The company reported net losses of $273 million, or 75 cents a share, for the three months that ended Jan. 28, compared with a loss of $16 million, or 4 cents per share, a year earlier.

Gap reported sales of $4.24 billion, down 6%…



Source cnbc.com

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