Gap inc says art peck to step down as chief executive officer

. announces art peck to step down as chief executive officer.company also provides update on q3 and fiscal 2019 earnings outlook.chairman robert j. fisher to serve as interim chief executive officer.appointed bobby martin, chair of its compensation and management development committee, as lead independent director.company expects diluted earnings per share for q3 of fiscal year 2019 to be approximately $0.50 to $0.52.comparable sales for q3 of 2019 were down 4% versus flat last year.sees q3 adjusted diluted earnings per share to be approximately $0.34 to $0.36..updated its reported diluted earnings per share guidance for fiscal year 2019 to be in range of $1.38 to $1.47.now expects 2019 adjusted diluted earnings per share guidance range of $1.70 to $1.75.qtrly comparable sales for old navy global: negative 4% versus positive 4% last year.qtrly gap global comp sales: negative 7%.q3 earnings per share view $0.55 -- refinitiv ibes data.fy earnings per share view $2.07 -- refinitiv ibes data.gap - was a challenging third quarter.gap - macro impacts, slower traffic further pressured q3 results that have been hampered by product and operating challenges across key brands.
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