Home / Knowledge / News / Apparel/Garments / Gap expects diluted EPS of $2.20-$2.25 in FY16
Gap expects diluted EPS of $2.20-$2.25 in FY16
04
Mar '16
Courtesy: Gap Inc
Courtesy: Gap Inc
Gap Inc, an apparel and accessories retailer based in the US, has forecast its diluted earnings per share (EPS) to be in the range of $2.20 to $2.25 in fiscal 2016 as compared to $2.23 in fiscal 2015, ending on January 30, 2016, according to a press statement released by the retailer.

The EPS forecast for fiscal 2016 is derived after taking into account the impact of foreign currency fluctuations at current exchange rates, which is likely to affect growth in EPS by around 8 percentage points.

The retailer's operating margin for FY16 is likely to be 9.5 per cent as compared to 9.6 per cent in fiscal 2015.

The retailer noted that in fiscal 2016 total inventory guidance will replace the inventory per store metric. It expects total inventory to be down in the low single-digits at the end of the first quarter of fiscal 2016.

Fiscal 2015 capital expenditures were $726 million below Gap's prior guidance. For fiscal 2016, it expects capital spending to be approximately $650 million, with a continued focus on mobile and supply chain capabilities.

Gap ended fiscal 2015 with 3,721 store locations in 51 countries, of which 3,275 were company-operated. In fiscal 2016, the company expects to open about 40 company-operated stores, net of closures and repositions. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search