Stifel Sees Challenges at Gap (GPS) Continuing Amid Light August Comps; Affirms at 'Hold'

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Go back to Stifel Sees Challenges at Gap (GPS) Continuing Amid Light August Comps; Affirms at 'Hold'

Gap Inc. Reports August Sales Results

September 1, 2016 4:15 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Gap Inc. (NYSE: GPS) today reported that net sales for the four-week period ended August 27, 2016 decreased 2 percent to $1.17 billion compared with net sales of $1.20 billion for the four-week period ended August 29, 2015.

While we are pleased with the continued progress at Old Navy, we remain focused on improving results across our global brands, said Sabrina... More