Gap provides strong Q1 guidance, shares jump

Gap (GPS) expects FQ1 EPS of $0.56-0.57, above consensus of $0.53.

Net sales increased 1% to $3.77B and topped forecasts of $3.7B.

Comparable sales -1%. Breakdown: Gap Global -5%, Banana Republic -1%, Old Navy Global +1%.

Shares +4.6% in AH trading. (PR)

See April sales

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