Gap (GPS) Comps for October Down 16%; Reaffirms FY09 Outlook

November 6, 2008 8:10 AM EST
Gap Inc. (NYSE: GPS) today reported net sales of $1.08 billion for the month of October. Same store sales for the month fell 16%.

Sees Q3 GAAP EPS $0.30-$0.35, versus the consensus of $0.36 Reaffirms FY09 EPS guidance of $1.30-$1.35, versus the Street estimate of $1.33.

The Gap, Inc., through its subsidiaries, operates as a specialty retailing company.

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Guidance, Retail Sales