Gap ($GPS) released its quarterly earnings report yesterday with stock up 2%. Its adjusted earnings per share of 58 cents beat out Wall Street’s estimate of 41 cents and the company’s revenue of $4.67 billion also rose above analysts’ estimates of $4.55 billion.
Gap’s fourth quarter fiscal year 2019 comparable sales were down 1%, which is better than the 3.8% that was expected and an improvement from last year’s negative 1%.
Last March, Gap’s Facebook mentions were at 16,800. Now, that number has increased 50% to 25,300.
That said, there has been a pretty big drop in Gap’s job postings, decreasing 37% from 7,720 in January to 4,890 this month.
“While fiscal 2019 was a challenging year, I am proud of our teams and their commitment to Gap Inc,” the company’s interim CEO Bob Fisher said in yesterday's report. “Thanks to their efforts, we began to see stabilization in our business in the fourth quarter, driven primarily by improvement in Old Navy’s performance.”
Gap’s 2020 outlook expects an adjusted EPS of $1.80 to $1.92. This does not, however, take Coronavirus’ potential impact into consideration. Shares have already been roughed up for 36% losses so far in 2020.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
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