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GPS » Topics » Second Quarter Sales Results

This excerpt taken from the GPS 8-K filed Feb 25, 2010.

Sales Results

The following table represents the company’s comparable store sales and net sales for the fourth quarter and fiscal year 2009 compared with the prior year:

 

     Fourth Quarter
Comparable
Store Sales		     Fourth Quarter
Net Sales		    Fiscal Year
Comparable
Store Sales		     Fiscal Year
Net Sales
     2009     2008     2009    2008    2009     2008     2009    2008

Gap

North America

    -1 %    -13 %    $
 		 1.1
billion		    $
 		 1.1
billion		    -7 %    -8 %    $
 		 3.8
billion		    $
 		 4.2
billion

Banana Republic

North America

    -2 %    -15 %    $
 		 664
million		    $
 		 664
million		    -9 %    -10 %    $
 		 2.2
billion		    $
 		 2.4
billion

Old Navy

North America

    7 %    -17 %    $
 		 1.6
billion		    $
 		 1.5
billion		    3 %    -17 %    $
 		 5.3
billion		    $
 		 5.2
billion

International *

    -2 %    -4 %    $
 		 514
million		    $
 		 469
million		    -4 %    -4 %    $
 		 1.6
billion		    $
 		 1.6
billion

Gap Inc. Direct

    n/a      n/a      $
 		 329
million		    $
 		 319
million		    n/a      n/a      $
 		 1.1
billion		    $
 		 1.0
billion

 

* Excludes wholesale business and franchise business
This excerpt taken from the GPS 8-K filed Nov 19, 2009.

Sales Results

Third quarter net sales were $3.59 billion, compared with $3.56 billion for the third quarter of last year. The company’s third quarter comparable store sales were flat compared with a decrease of 12 percent for the third quarter of last year.

The following table represents the company’s third quarter comparable store sales and net sales:

 

     Third Quarter
Comparable Store
Sales		     Third Quarter
Net Sales
     2009     2008     2009    2008

Gap North America

    -7 %    -7 %    $ 987 million    $ 1.07 billion

Banana Republic North America

    -6 %    -11 %    $ 541 million    $ 566 million

Old Navy North America

    10 %    -18 %    $ 1.3 billion    $ 1.2 billion

International*

    -6 %    -1 %    $ 378 million    $ 369 million

Gap Inc. Direct

    n/a      n/a      $ 298 million    $ 284 million

 

* Excludes wholesale business and franchise business
This excerpt taken from the GPS 8-K filed Aug 20, 2009.

Sales Results

Second quarter net sales were $3.25 billion, compared with $3.50 billion for the second quarter of last year. The company’s second quarter comparable store sales decreased 8 percent, compared with a decrease of 10 percent for the second quarter of last year. The company’s online sales for the second quarter of 2009, which includes Athleta, increased 17 percent to $224 million, compared with $191 million for the second quarter of last year.

The following table represents the company’s second quarter comparable store sales and net sales by division:

 

     Second Quarter
Comparable Store
Sales		     Second Quarter
Net Sales
     2009     2008     2009    2008

Gap North America

    -10 %    -6 %    $ 878 million    $ 999 million

Banana Republic North America

    -15 %    -6 %    $ 516 million    $ 599 million

Old Navy North America

    -4 %    -16 %    $ 1.24 billion    $ 1.30 billion

International*

    -5 %    -6 %    $ 361 million    $ 376 million

Gap Inc. Direct

    n/a      n/a      $ 224 million    $ 191 million

 

* Excludes wholesale business and franchise business
This excerpt taken from the GPS 8-K filed Aug 9, 2007.

Second Quarter Sales Results

For the thirteen weeks ended August 4, 2007, total company net sales were $3.69 billion, which is a decrease of 1 percent as compared to net sales of $3.72 billion for the thirteen weeks ended July 29, 2006. Due to the 53rd week in fiscal year 2006, second quarter comparable store sales are compared to the thirteen weeks ended August 5, 2006. The company’s second quarter comparable store sales decreased 5 percent compared with a decrease of 5 percent in the second quarter of the prior year.

Comparable store sales by division for the second quarter were as follows:

 

  •  

Gap North America: negative 6 percent versus negative 6 percent last year

 

  •  

Banana Republic North America: positive 4 percent versus negative 1 percent last year

 

  •  

Old Navy North America: negative 9 percent versus negative 5 percent last year

 

  •  

International: positive 3 percent versus negative 11 percent last year

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

Fourth Quarter Sales Results

 

For the 13 weeks ended January 28, 2006, total company net sales were $4.8 billion, which is a decrease of 2 percent to net sales of $4.9 billion for the same period ended January 29, 2005. The company’s fourth quarter comparable store sales decreased 6 percent compared with a decrease of three percent in the fourth quarter of the prior year.

 

Comparable store sales by division for the fourth quarter were as follows:

 

  •   Gap North America: negative 7 percent versus negative 1 percent last year

 

  •   Banana Republic North America: negative 5 percent versus negative 1 percent last year

 

  •   Old Navy North America: negative 6 percent versus negative 4 percent last year

 

  •   Gap International: flat versus negative 7 percent last year

 

Year-to-date net sales of $16.0 billion for the 52 weeks ended January 28, 2006, represent a decrease of 2 percent over net sales of $16.3 billion for the same period ended January 29, 2005. The company’s year-to-date comparable store sales decreased 5 percent compared with flat comparable sales in the prior year.

 

As of January 28, 2006, Gap Inc. operated 3,053 store locations compared with 2,994 store locations last year.

EXCERPTS ON THIS PAGE:

8-K
Feb 25, 2010
8-K
Nov 19, 2009
8-K
Aug 20, 2009
8-K
Aug 9, 2007
8-K
Feb 2, 2006

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