Gap's Q4 sales increase 1 percent, the company names new CFO

On a reported basis, Gap Inc. said its diluted loss per share was 49 cents for the fourth quarter and diluted earnings per share for fiscal year 2019 were 93 cents, while the company’s adjusted diluted earnings per share were 58 cents for the fourth quarter and 1.97 dollars for fiscal year 2019. The company’s fourth quarter comparable sales were down 1 percent, while full year comparable sales were down 3 percent compared with flat last year. The company added that fourth quarter net sales were 4.7 billion dollars, an increase of 1 percent compared with last year, while fiscal year 2019 net sales were 16.4 billion dollars, a decrease of 1 percent compared with last year.