Gap Inc. on March 1 gave its financial outlook for the full fiscal year 2018 as it reported results for the fiscal fourth quarter and full year ended Feb. 3.
The San Francisco-based apparel retailer expects full-year diluted EPS to be in the range of $2.55 to $2.70. It forecasts comparable sales to be flat to up slightly.
The company's board approved plans to increase its annual dividend by 5% to 97 cents per share. The board approved a dividend of 24.25 cents per share for the first quarter, which will be paid on or after May 2 to shareholders of record at the close of business April 11.
For the fourth quarter, Gap's adjusted EPS came in at 61 cents, higher than the S&P Capital IQ consensus estimate for normalized EPS of 59 cents.
