Gap Inc. (GPS) Feb Comps Down 7% vs Est Up 1.1%
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Financial Fact:
Cash dividends declared and paid per share: 0.23
Today's EPS Names:
EDXC, BICX, FBPI, More
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Gap Inc. (NYSE: GPS) today reported net sales for the four-week period ended March 1, 2014 were $929 million compared with net sales of $966 million for the four-week period ended March 2, 2013. Gap Inc.’s comparable sales for February 2014 were down 7 percent versus a 3 percent increase last year.
“While February was clearly a difficult month, we remain focused on executing our global priorities,” said Glenn Murphy, chairman and chief executive officer, Gap Inc.
February Comparable Sales Results
Comparable sales by global brand for February 2014 were as follows:
Gap Global: negative 10 percent versus positive 2 percent last year
Banana Republic Global: negative 7 percent versus negative 5 percent last year
Old Navy Global: negative 6 percent versus positive 6 percent last year
“While February was clearly a difficult month, we remain focused on executing our global priorities,” said Glenn Murphy, chairman and chief executive officer, Gap Inc.
February Comparable Sales Results
Comparable sales by global brand for February 2014 were as follows:
Gap Global: negative 10 percent versus positive 2 percent last year
Banana Republic Global: negative 7 percent versus negative 5 percent last year
Old Navy Global: negative 6 percent versus positive 6 percent last year
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