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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Gap Inc | NYSE:GPS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.83 | 0 | 09:01:16 |
From May 2019 to May 2024
By Josh Beckerman
Gap Inc., for the second straight month, reported a strong customer response in October to its Old Navy clothing lines but weakness at its namesake chain because of a recent warehouse fire.
In all, the retailer's total same-store sales fell 1% in October, reflecting a negative effect of about three percentage points from the August fire at its Fishkill, N.Y., distribution center.
Gap, which lowered its full-year earnings forecast in August, said Monday that it expects to report third-quarter earnings excluding items of 59 cents to 60 cents a share. The company said third-quarter net sales fell to $3.8 billion from $3.86 billion.
Analysts polled by Thomson Reuters expected earnings of 53 cents a share on revenue of $3.73 billion.
Gap shares rose 3 cents to $27 in after-hours trading.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 07, 2016 17:09 ET (22:09 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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