Gap stock tanks as results miss, guidance lowered due to 'significant' supply-chain issues
Gap stock tanks as results miss, guidance lowered due to 'significant' supply-chain issues
By Levi Sumagaysay
利維·蘇馬蓋賽(Levi Sumagaysay)著
Gap Inc. on Tuesday blamed "significant" supply-chain constraints as it cut its full-year earnings guidance and reported third-quarter results that fell short of expectations, sending its shares sharply lower after hours.
週二，Gap Inc.下調了全年盈利指引，並公佈了低於預期的第三季度業績，導致其股價在幾個小時後大幅下挫，原因是該公司將原因歸咎於供應鏈的“重大”制約。
Supply constraints in the third quarter included extended COVID-related factory closures, such as in Vietnam -- where about 30% of the company's offerings are produced and which saw closures of up to two-and-a-half months -- and continued port congestion, according to the retail chain.
據這家零售連鎖店稱，第三季度的供應限制包括與COVID相關的工廠長時間關閉，比如在越南，該公司約30%的產品都是在越南生產的，關閉時間長達兩個半月，以及持續的港口擁堵。
"Acute supply-chain headwinds affected our ability to fully meet strong customer demand," said Chief Executive Sonia Syngal in a statement. She said the company chose "accelerated use of air freight" to serve customers this holiday season, calling it "an intentional investment in building enduring customer loyalty."
“嚴重的供應鏈逆風影響了我們完全滿足強勁客户需求的能力，”首席執行官索尼婭·辛格爾(Sonia Syngal)在一份聲明中表示。她説，該公司選擇“加速使用航空貨運”來為這個假日季的客户提供服務，稱這是“為建立持久的客户忠誠度而進行的有意投資”。
In addition, Chief Financial Officer Katrina O'Connell said on the earnings call that the company has rerouted some of its shipments to the East Coast to avoid the port congestion in Southern California.
此外，財務長Katrina O‘Connell在財報電話會議上表示，該公司已將部分船貨改道至東海岸，以避免南加州的港口擁堵。
"We are confident that when adjusting for these substantial disrupted impact to 2021, our underlying business is ahead of plan," O'Connell said. Both she and Syngal said demand, and the company's brands, are strong.
奧康奈爾表示：“我們有信心，在對2021年的這些重大擾亂影響進行調整時，我們的基礎業務超前於計劃。”她和辛格爾都表示，需求和公司的品牌都很強勁。
Gap (GPS) shares sank after hours, down more than 15% as of 6:30 p.m. Eastern after falling almost 2% in the regular session to close at $23.47.
Gap的股價在幾個小時後下跌，截至下午6：30跌幅超過15%。東方航空在例行交易中下跌近2%，收於23.47美元。
Third-quarter net sales rose at the company's Old Navy and Athleta brands compared with the same period in 2019, while decreasing at its Gap and Banana Republic brands. The company said its online sales increased 48% compared to the third quarter of 2019, comprising 38% of the total business as store traffic continues to recover.
與2019年同期相比，該公司的Old Naval和Athleta品牌第三季度淨銷售額上升，而Gap和Banana Republic品牌的淨銷售額下降。該公司表示，隨着門店流量繼續復甦，其在線銷售額比2019年第三季度增長了48%，佔總業務的38%。
The retailer reported a net loss of $152 million, or 40 cents a share, for the quarter. That's compared with net income of $95 million, or 25 cents a share, in the year-ago period. Adjusted for debt-restructuring costs and charges related to the company's European operating model, earnings were 27 cents a share. Revenue fell to $3.94 billion from $3.99 billion in the year-ago quarter.
該零售商報告本季度淨虧損1.52億美元，合每股虧損40美分。相比之下，去年同期的淨利潤為9500萬美元，合每股25美分。經債務重組成本和與該公司歐洲運營模式相關的費用調整後，每股收益為27美分。營收從去年同期的39.9億美元降至39.4億美元。
Analysts surveyed by FactSet had forecast earnings of $191 million, or 50 cents a share, on revenue of $4.43 billion.
FactSet調查的分析師此前預測，營收為44.3億美元，收益為1.91億美元，合每股50美分。
The company now expects its reported full-year diluted earnings per share to be 45 cents to 60 cents, which it said includes an estimated $550 million to $600 million in lost sales because of supply constraints, and about $450 million in air freight expenses for the year. Gap expects adjusted full-year diluted earnings per share in the range of $1.25 to $1.40, falling short of analysts' expectation of $2.15 a share.
該公司現在預計，其公佈的全年稀釋後每股收益為45美分至60美分，其中包括因供應限制而損失的約5.5億美元至6億美元的銷售額，以及全年約4.5億美元的空運費用。Gap預計，調整後的全年稀釋後每股收益在1.25美元至1.40美元之間，低於分析師預期的2.15美元。
Gap stock has gained about 15.5% so far this year, while the S&P 500 Index has seen a 24% increase year to date.
GAP股票今年迄今已上漲約15.5%，而標準普爾500指數(S&P500 Index)今年迄今已上漲24%。
-Levi Sumagaysay
-利維·蘇馬蓋塞(Levi Sumagaysay)
譯文內容由第三人軟體翻譯。