Wedbush Raises Numbers on Gap, Inc. (GPS); Solid Back-To-School Start

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Gap (GPS) Comps Nearly Double Views

August 30, 2012 8:10 AM EDT

Gap Inc. (NYSE: GPS) said comparable sales for August 2012 were up 9 percent, versus the consensus of 5.5 percent.

Net sales also increased 9 percent to $1.20 billion.

Comparable sales for August 2012 were as follows:

Gap North America: positive 9 percent versus negative 8 percent last... More