Gap Inc. Reports October and Third Quarter Sales Results
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Promotions Hit Gap's (GPS) Oct. Sales Results; Stifel Remains Positive on FY16 Prospects
November 10, 2015 9:29 AM ESTStifel affirms Gap, Inc. (NYSE: GPS) with a Buy rating and $40 price target after the company announced October comparable-store sales and updated Q3... More
Gap, Inc. (GPS) Oct. Comps Miss Estimates; Guides Q3 EPS Below Views
November 9, 2015 4:16 PM ESTGap, Inc. (NYSE: GPS) reported that net sales for the four-week period ended October 31, 2015 were $1.20 billion compared with net sales of $1.26 billion for the four-week period ended November 1, 2014. For the third quarter of fiscal year 2015, Gap Inc.s net sales decreased 3 percent to $3.86 billion compared with $3.97 billion for the third quarter of last year.
On a constant currency basis, net sales for the third quarter of fiscal year 2015 were flat versus last year.1 The company noted that the translation of foreign currencies into U.S. dollars negatively impacted the companys reported... More
