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 FIRST QUARTER EARNINGS PER SHARE OF $0.28

This excerpt taken from the GPS 8-K filed May 18, 2006.

GAP INC. REPORTS FIRST QUARTER EARNINGS PER SHARE OF $0.28

SAN FRANCISCO – May 18, 2006 – Gap Inc. (NYSE: GPS) today reported that net earnings for the first quarter, which ended April 29, 2006, decreased 17 percent versus prior year to $242 million, or $0.28 per share on a diluted basis, compared with $291 million, or $0.31 per share, for the same period last year.

First quarter net sales decreased 5 percent to $3.44 billion, compared with $3.63 billion for the same period last year. Comparable store sales decreased 9 percent, compared with a decrease of 4 percent in the same period last year.

“During the first quarter, we made progress in each of our brands to improve the product and store experience,” said Gap Inc. president and CEO Paul Pressler. “We remain confident in the strategies underway to turn around our business performance and look forward to seeing the progress reflected in our financial results in the second half of the 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