Gap Inc. Reports August Sales Results
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Continued Weaknesss at Gap, Banana Republic Hits Gap's (GPS) Aug. Sales Results - Stifel
September 4, 2015 8:43 AM EDTStifel maintains its Buy rating and $40 price target on The Gap, Inc. (GPS) following the retailers August sales update on Thursday night.
Analyst Richard Jaffe noted that Gap's comparable-store sales decline of 2 percent comae in below the firm's estimate of flat growth. The analyst noted weak results... More
Gap, Inc. (GPS) August Comps Fell 2%
September 3, 2015 4:01 PM EDTGap, Inc. (NYSE: GPS) reported that net sales for the four-week period ended August 29, 2015 decreased 3 percent to $1.20 billion compared with net sales of $1.23 billion for the four-week period ended August 30, 2014.
On a constant currency basis, August 2015 net sales were flat compared with last year. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are... More
