Gap Inc. (GPS) continues to see bullish Zacks Consensus Estimates. The current full year forecast of $1.40 per share is up 5 cents over the past month.

For 2010, analysts polled by Zacks are calling for earnings of $1.53 per share, versus last month’s $1.48.

The company recently announced that it will return to television advertising in November and that it will continue to invest internationally, including: opening its first Gap store in China in 2010; expanding its Outlet store presence internationally; and launching online businesses in Canada and the United Kingdom in 2010.

“Old Navy’s performance this year has shown what we can deliver through consistent products, re-invigorated marketing, and an enhanced store environment,” said Glenn Murphy, chairman and CEO of Gap Inc. “With our improved economic model, we’re ready to step up our investments and strategies to regain market share and expand our international platform.”

Gap saw net sales of $1.33 billion in September, a 1% dip year-over-year. Comparable store sales also decreased by 1%.

Zacks Investment Research
View original at: Zacks.com News Feed

Similar Posts: Gap Inc. | GPS | Apparel Stores | Services

RSS feeds: Gap Inc. | GPS | Apparel Stores | Services |

Other Posts by vitalstocks | RSS Feed for this author