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GPS » Topics » Fiscal Year 2006 Guidance

This excerpt taken from the GPS 8-K filed Feb 8, 2007.

Fiscal Year 2006 Guidance

The company announced that it now expects fiscal year 2006 earnings per share to be $0.89 to $0.91. This revision in guidance is based primarily on the fact that the company moved more holiday clearance merchandise than previously expected, and also reflects the company’s expectation that its annual effective tax rate will be about 38.5 percent versus previous guidance of about 39 percent.

For more detailed information, please call 1-800-GAP-NEWS to listen to Gap Inc.’s monthly sales recording. International callers may call 706-634-4421.

Gap Inc. will release its fourth quarter earnings via press release on March 1, 2007, at 1:30 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.’s fourth quarter results in a live conference call and webcast at approximately 2:00 p.m. Pacific Time. The conference call can be accessed by calling 800-374-0168 and international callers may dial 706-634-0994. The webcast can be accessed at www.gapinc.com.

Gap Inc. will announce February sales on March 8, 2007.

This excerpt taken from the GPS 8-K filed Feb 2, 2006.

Fiscal Year Guidance

 

The company has revised guidance for fiscal year 2005 and now expects:

 

  •   Fiscal year 2005 operating margin in the 10.5 to 11 percent range.

 

  •   Annual effective tax rate range for 2005 of 37.5 to 38.2 percent, which reflects the impact of a one-time tax settlement.

 

  •   Year-over-year inventory per square foot to be down in the mid-single-digits at the end of the fourth quarter.

 

  •   Due to the combination of better than expected operating performance and the impact of the one-time tax benefit, the company now expects earnings per share for the fiscal year 2005 to be $1.22 to $1.25.

 

EXCERPTS ON THIS PAGE:

8-K
Feb 8, 2007
8-K
Feb 2, 2006

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