Gap reports Q4 EPS 45c, consensus 46c

Reports Q4 revenue $4.2B, consensus $4.24B. Comparable sales were up 3% year-over-year. “I am pleased to report that Gap (GAP) Inc. delivered a successful fourth quarter, marking another year of meaningful progress,” said President and Chief Executive Officer, Richard Dickson. “The execution of our playbook is driving consistent results, as we achieved our second consecutive year of topline growth and eighth consecutive quarter of positive comparable sales. Financial and operational rigor combined with the strength of our platform drove one of our highest gross margins in the last 25 years and further strengthened our balance sheet.”