Benzinga | May 27, 2021 04:16PM EDT

Gap Q1 Adj. EPS $0.48 Beats $(0.05) Estimate, Sales $3.99B Beat $3.44B Estimate; Raises Guidance

Gap (NYSE:GPS) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $(0.05) by 1060 percent. This is a 119.12 percent increase over losses of $(2.51) per share from the same period last year. The company reported quarterly sales of $3.99 billion which beat the analyst consensus estimate of $3.44 billion by 16.02 percent. This is a 89.42 percent increase over sales of $2.11 billion the same period last year.