Apparel Retailer Earnings to Watch for This Week

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Apparel Retailer Earnings to Watch for This Week
Gap recently released solid comps and sales data from the 2016 holiday season in which comparable-stores
sales rose 1%, up from an 8% decline posted over the same period last year.
The firm’s management recently lowered its earnings outlook for the holiday quarter, foreseeing earnings per share
to come in at $1.90, in line with the consensus estimate and representing a 11% decline year over year (YOY).
In Gap’s upcoming earnings, investors will be focused on the context behind any revenue gains, changes in merchandise margins, comments on consumer traffic trends
and Gap’s strategy for expanding its product portfolio and sustaining growth.
Analysts predict sales growth of 2.7% over the same period last year to $4.51 billion in the most recent quarter.
The recent growth was attributed to strength in the San Francisco-based firm’s Old Navy brand, which experienced a 5% increase over the period.
Columbus, Ohio-based fashion retailer L Brands Inc. (LB) is slated to report its fourth-quarter and fiscal 2016 results on Wednesday.
Retail giant Gap Inc. (GPS) is slated to report fourth-quarter fiscal 2016 results on Thursday.

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