Investing
Gap (GPS) EPS Down 21% To $.38, New Share Buyback Of $500 Million
Published:
Gap (NYSE: GPS) announced earnings of $.38, down 21% from the same quarter last year. The period ended October 29.
Net sales for the third quarter of fiscal year 2011, which ended October 29, 2011, decreased 2 percent to $3.59 billion compared with $3.65 billion for the third quarter last year. Net income was $193 million compared with $303 million for the third quarter last year.
Comparable sales for the third quarter of fiscal year 2011, including the associated comparable online sales, were as follows:
— Gap North America: negative 6 percent versus positive 2 percent last year
— Banana Republic North America: negative 1 percent versus positive 2 percent last year
— Old Navy North America: negative 4 percent versus flat last year
— International: negative 10 percent versus positive 4 percent last year
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
