- Q4 comp store sales up 1% from a year ago after being up 5% Y/Y in Q4 2013. Company notes Q4 of 2013 did have an extra week.
- FY2014 EPS guidance of $2.90-$2.95 compares to the Street at $3.03.
- Share repurchases of $134M in Q4 with $966M still remaining in buyback authorization. Quarterly dividend is boosted by 10% to $0.22 per share, giving the stock a 2% yield.
- GPS -1.5% AH
- Press release, Q4 results
Light guidance at Gap
Feb 27 2014, 16:18 ET