(AOF) – Gap made a loss of 2 cents per share in the last quarter of 2021. That’s much better than the FactSet consensus expectation of -13 cents. Sales of the ready-to-wear brand rose 2.3% to 4.53 billion dollars, against expectations of 4.49 billion. On a like-for-like basis, sales increased by 3% over one year and two, but this is still less than the consensus which was aiming for +3.7%. For the new fiscal year, gap is targeting earnings of $1.85 to $2.05 per share, while the consensus is for $1.33.
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