top shadow
BODY

current news

Gap Reports 3Q Earning Up 25%


(Filed Under Financial and General Interest News). Gap Inc. cited a 25 percent increase in net earnings during the third quarter ended October 31, 2009, to $307 million, or 44 cents per share, from $246 million, or 35 cents per diluted share. According to Glenn Murphy, chairman and chief executive officer of Gap Inc., this marks the company’s highest third quarter operating margin in a decade.

Net sales grew 1 percent, to $3.59 billion from $3.56 billion. Although the company reported sales drops in its Gap North America, Banana Republic North America and International divisions, comparable store sales were flat due to a 10 percent increase in Old Navy North America sales.

The company opened 13 stores and closed 15 during the third quarter compared to 37 openings and 17 closings, ending the quarter with 3,143 total stores.

Gap Inc.’s fiscal 2008 sales were $14.5 billion. For further information, call Aina Konold in the company’s investor relations department: (415) 427-4454.


more Financial and General Interest News >>

Published 12-03-2009 by Amanda Torres Price

Related Articles

Model Collaborates with GapBody on Collection
Gap Inc. Opens Hong Kong Flagship
Gap 3q Profit Falls 36%
Gap Inc. to Shutter U.S. Stores
Gap Inc. Plans Openings in Latin America
Gap Expands to Asia Pacific Market
Gap 2q Net Sales Up 2%
Gap Inc. Opens Flagship Store in Rome
Gap Inc. Expands With Athleta
Gap Wins Trademark Battle


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2023 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2024 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow