Gap Stock Soars On Better-Than-Expected Q3 Results, Raised FY Guidance: Details
Gap Stock Soars On Better-Than-Expected Q3 Results, Raised FY Guidance: Details
"I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the fourth consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said Gap CEO Gap, Inc. (NYSE:GAP) reported its third-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.
Gap, Inc.（紐約證券交易所代碼：GAP）在週四收盤後公佈了第三季度業績。以下是本季度的關鍵數據。
The Details: Gap reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 57 cents. Quarterly revenue came in at $3.82 billion, which beat the consensus estimate of $3.81 billion and is an increase over sales of $3.76 billion from the same period last year.
詳情：Gap公佈的季度每股收益爲72美分，超過了分析師普遍預期的57美分。季度收入爲38.2億美元，超過了市場普遍預期的38.1億美元，比去年同期的37.6億美元銷售額有所增加。
- Net sales increased 2% versus last year with comparable sales up 1%.
- Operating margin of 9.3% improved 270 basis points versus last year.
- Market share gains across all brands in the quarter.
- Gross margin of 42.7% increased 140 basis points versus last year's gross margin.
- Merchandise margin increased 90 basis points versus last year primarily driven by improved inventory management.
- Ending inventory of $2.33 billion was down 2% compared to last year.
- Athleta net sales of $290 million were up 4% compared to last year.
- Old Navy net sales of $2.2 billion were up 1% compared to last year.
- Gap net sales of $899 million were up 1% compared to last year.
- Banana Republic net sales of $469 million were up 2% compared to last year.
- 淨銷售額與去年相比增長了2％，可比銷售額增長了1％。
- 9.3％的營業利潤率比去年提高了270個點子。
- 本季度所有品牌的市場份額均有所增加。
- 毛利率爲42.7％，比去年的毛利率增長了140個點子。
- 與去年相比，商品利潤率增加了90個點子，這主要是由於庫存管理的改善。
- 期末庫存爲23.3億美元，與去年相比下降了2％。
- 與去年相比，Athleta的淨銷售額爲2.9億美元，增長了4％。
- 與去年相比，Old Navy的淨銷售額爲22億美元，增長了1％。
- Gap淨銷售額爲8.99億美元，與去年相比增長了1％。
- 香蕉共和國的淨銷售額爲4.69億美元，與去年相比增長了2％。
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"I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the fourth consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said Gap CEO Richard Dickson.
Gap首席執行官理查德·迪克森表示：「我感到自豪的是，Gap Inc.又一個季度取得了成功，淨銷售額連續第四個季度增長，所有品牌的市場份額都有所增加，同時大幅提高了營業利潤率。」
"Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential," Dickson added.
「持續執行我們的戰略優先事項，包括對品牌重振手冊的嚴格和重複，正在使我們成爲一家更強大的公司，也表明我們在解鎖Gap Inc方面持續取得進展。」潛力十足，” 迪克森補充說。
Outlook: Gap raised its full-year outlook for net sales, gross margin and operating income growth compared to prior expectations. The company now sees net sales up 1.5% to 2%, gross margin growth of 220 basis points and operating income margin of mid-to-high 60%.
展望：與先前的預期相比，Gap上調了全年淨銷售額、毛利率和營業收入增長的前景。該公司現在預計淨銷售額增長1.5％至2％，毛利率增長220個點子，營業收入利潤率爲中高60％。
GAP Price Action: According to Benzinga Pro, Gap shares are up 12.98% after-hours at $24.90 after gaining 6.89% during Thursday's regular trading session.
GAP價格走勢：根據Benzinga Pro的數據，Gap股價在週四的常規交易時段上漲6.89％後，盤後上漲12.98％，至24.90美元。
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Image: Courtesy of Gap, Inc.
圖片：由 Gap, Inc. 提供
