Send us Feedback

Gap (GPS)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

GPS » Topics » Company Expects to Report Fiscal Year 2005 Earnings of $1.22 to $1.25

This excerpt taken from the GPS 8-K filed Feb 2, 2006.

Company Expects to Report Fiscal Year 2005 Earnings of $1.22 to $1.25

 

SAN FRANCISCO – February 2, 2006 – Gap Inc. (NYSE: GPS) today reported net sales of $955 million for the four-week period ended January 28, 2006, which represents a 7 percent increase compared with net sales of $891 million for the same period ended January 29, 2005. The company’s comparable store sales for January 2006 increased one percent compared with a seven percent decrease in January 2005.

 

Comparable store sales by division for January 2006 were as follows:

 

  •   Gap North America: positive 3 percent versus negative 6 percent last year

 

  •   Banana Republic North America: negative 6 percent versus positive 7 percent last year

 

  •   Old Navy North America: flat versus negative 13 percent last year

 

  •   Gap International: positive 7 percent versus negative 8 percent last year

 

“Overall, we are pleased with our January performance, as total company sales were above our expectations,” said Sabrina Simmons, senior vice president, treasury and investor relations. “January was a clearance month. While customers responded to our brands’ efforts to clear holiday merchandise, our merchandise margins were significantly below last year.”

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki