Gap Beats Q1 EPS Estimates, But Tanks 14% — Outlook Steals The Story

Gap Inc. reported first-quarter results that missed revenue estimates and cut its fiscal year revenue outlook. The update points to softer underlying demand and weaker near-term fundamentals for the retailer. The combination of an earnings miss and reduced guidance is likely to pressure shares in the near term.

Analysis

Gap Inc. reported first-quarter results that missed revenue estimates and cut its fiscal year revenue outlook. The update points to softer underlying demand and weaker near-term fundamentals for the retailer. The combination of an earnings miss and reduced guidance is likely to pressure shares in the near term.