Send us Feedback

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

GPS » Topics » GAP INC. REPORTS THIRD QUARTER EARNINGS PER SHARE OF $0.23

This excerpt taken from the GPS 8-K filed Nov 16, 2006.

GAP INC. REPORTS THIRD QUARTER EARNINGS PER SHARE OF $0.23

SAN FRANCISCO – November 16, 2006 – Gap Inc. (NYSE: GPS) today reported net earnings for the third quarter which ended October 28, 2006, of $189 million, or $0.23 per share on a diluted basis, compared with $212 million, or $0.24 per share, for the same period last year.

Third quarter net sales were $3.9 billion, compared with $3.9 billion for the same period last year. Comparable store sales decreased 5 percent, compared with a 7 percent decrease for the same period last year.

“Our third quarter results reflect that each brand is at a different stage in its turnaround,” said Paul Pressler, president and CEO, Gap Inc. “We are pleased with the solid performance at Banana Republic and continued progress each month of the quarter at Gap brand; however, Old Navy’s results were disappointing. Heading into the holiday season, our teams are focused on driving strong execution.”

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