Gap Inc. Reports March Sales Results
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Gap (GPS) Outpaces March Comps Expectations on Early Easter; Stifel Affirms 'Buy' Rating
April 10, 2015 6:21 AM EDTStifel affirms Gap, Inc. (NYSE: GPS) at Buy with a price target of $48 following March sales results, which were reported after markets closed Thursday.
Analyst Richard Jaffe noted that comps rose 2 percent last month, which was slightly above the analyst's estimate due to an earlier Easter holiday.
Jaffe offered the following commentary:... More
Gap, Inc. (GPS) March Comps Rose 2%
April 9, 2015 4:01 PM EDTGap, Inc. (NYSE: GPS) reported that net sales for the five-week period ended April 4, 2015 increased 1 percent to $1.53 billion compared with net sales of $1.51 billion for the five-week period ended April 5, 2014.
We are especially pleased with the strong customer response to Old Navy during this peak spring shopping month,... More
