Jefferies Maintains Gap (GPS) as Top Pick Saying March Comp 'Good Enough'

Go back to Jefferies Maintains Gap (GPS) as Top Pick Saying March Comp 'Good Enough'

Gap (GPS) March Comps Down 1%, Versus Expected 2% Decrease

April 11, 2013 4:02 PM EDT

Gap, Inc. (NYSE: GPS) said comparable sales for March 2013 were down 1 percent compared with an 8 percent increase for March 2012. The consensus was calling for a 2 percent decrease. Due to the 53rd week in fiscal year 2012, March 2013 comparable sales are compared to the five-week period ended... More