Gap (GPS) Shares Surge 8% on Q4 Beat and Solid Outlook
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Gap Inc. Reports Fourth Quarter and Fiscal Year 2021 Results; Provides 2022 Outlook
March 3, 2022 4:15 PM ESTFourth quarter 2021 net sales of $4.5 billion increased 2% year-over-year and were down 3% compared to 2019; Comparable sales were up 3% year-over-year and increased 3% versus 2019
Fiscal year 2021 net sales of $16.7 billion increased 21% year-over-year and were up 2% compared to fiscal year 2019; Comparable sales were up 6% year-over-year and increased 8% versus 2019
Fiscal year 2021 reported diluted earnings per share was $0.67 with adjusted diluted earnings per share of $1.44
Returned over $400 million to shareholders in fiscal 2021 through dividend program and share repurchase plan
Fiscal year 2022 reported... More
