Gap inc no longer pursuing separation of old navy

Gap inc. no longer pursuing separation of old navy.intends to appoint a new ceo to oversee full portfolio of brands and corporate strategy.announced that neil fiske, president and ceo of gap brand, will leave company.now expects total company fiscal 2019 comparable sales and net sales to both be at higher end of its previous guidance range.gap - now expects its adjusted fiscal year 2019 earnings per share to be moderately above its previous guidance of $1.70 - $1.75.gap says working aggressively to stabilize and improve business results.gap - board concluded that cost & complexity of splitting into 2 cos, with softer business performance, limited ability to create appropriate value.sonia syngal, president and ceo, old navy, will continue to lead old navy business.cost & complexity of splitting into 2 cos, combined with softer business performance, limited ability to create appropriate separation value.fy earnings per share view $1.74, revenue view $16.18 billion -- refinitiv ibes data.
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