Seeking Alpha

Light guidance at Gap

  • 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
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