Gap, Inc. (GPS) Comps Fell 1% in May

Gap, Inc. (NYSE: GPS) reported that net sales for the four-week period ended May 30, 2015 were $1.25 billion compared with net sales of $1.27 billion for the four-week period ended May 31, 2014.

“We’re pleased with Old Navy’s continued momentum and we remain focused on consistently delivering higher levels of performance across our portfolio,” said Sabrina Simmons, chief financial officer, Gap Inc.

May Comparable Sales Results

Gap Inc.'s comparable sales for May 2015 were down 1 percent versus a 1 percent increase last year. Comparable sales by global brand for May 2015 were as follows:

• Gap Global: negative 6 percent versus negative 3 percent last year
• Banana Republic Global: negative 5 percent versus positive 3 percent last year
• Old Navy Global: positive 6 percent versus positive 2 percent last year

Additional insight into Gap Inc.'s sales performance is available by calling 1-800-GAP-NEWS (1-800-427-6397). International callers may call 706-902-4949. The recording will be available at approximately 1:00 p.m. Pacific Time on June 4, 2015 and available for replay until 1:00 p.m. Pacific Time on June 12, 2015.

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