Stifel Trims Ests on Gap (GPS) Following Weaker-than-Expected Sept. Sales Results

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Gap Inc. Reports September Sales Results

October 8, 2015 4:15 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Gap Inc. (NYSE: GPS) today reported that net sales for the five-week period ended October 3, 2015 decreased 1 percent to $1.46 billion compared with net sales of $1.48 billion for the five-week period ended October 4, 2014.

On a constant currency basis, September 2015 net sales increased 2 percent compared with last year. In calculating the net sales change on a constant currency basis,... More