Gap (GPS) Shares Climb as 4% Gain in Feb. Comps Reverses Prior Declines
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Price: $20.22 +0.55%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.6%
EPS Growth %: +1,100.0%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.6%
EPS Growth %: +1,100.0%
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Gap, Inc. (NYSE: GPS) shares are trading confidently higher Thursday following better-than-expected retail sales numbers for February.
According to the San Franciso, CA-based retailer, comparable-store sales in February moved 4 percent higher, compared to a 3 percent decline in the same period last year and also reversing a drop of 4 percent in January.
Sales in February rose 6.1 percent from $821 million a year ago to $874 million.
Seeing the biggest gain was its Banana Republic unit, which reported positive comps of 12 percent. Banana Republic posted a decline of 4 percent during February of 2010. International showed the largest drop, widening from 7 percent last February to 9 percent for the recent period.
Shares of Gap are over 8 percent better Thursday, appearing to have bounced off of the $25 price level earlier.
According to the San Franciso, CA-based retailer, comparable-store sales in February moved 4 percent higher, compared to a 3 percent decline in the same period last year and also reversing a drop of 4 percent in January.
Sales in February rose 6.1 percent from $821 million a year ago to $874 million.
Seeing the biggest gain was its Banana Republic unit, which reported positive comps of 12 percent. Banana Republic posted a decline of 4 percent during February of 2010. International showed the largest drop, widening from 7 percent last February to 9 percent for the recent period.
Shares of Gap are over 8 percent better Thursday, appearing to have bounced off of the $25 price level earlier.
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