Gap, Inc. (GPS) Feb. Comps Fell 4%

March 5, 2015 4:00 PM EST

Gap, Inc. (NYSE: GPS) reported that net sales for the four-week period ended February 28, 2015 were $918 million compared with net sales of $929 million for the four-week period ended March 1, 2014.

“Recognizing that February is a relatively small sales month, we’re focused on the spring shopping months ahead and delivering on our full-year goals,” said Sabrina Simmons, chief financial officer, Gap Inc.

February Comparable Sales Results

Gap Inc.’s comparable sales for February 2015 were down 4 percent versus a 7 percent decrease last year. Comparable sales by global brand for February 2015 were as follows:

  • Gap Global: negative 7 percent versus negative 10 percent last year
  • Banana Republic Global: negative 5 percent versus negative 7 percent last year
  • Old Navy Global: flat versus negative 6 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 March 5, 2015 and available for replay until 1:00 p.m. Pacific Time on March 13, 2015.

March Sales

The company will report March sales on April 9, 2015.

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