It's complicated: Slowdown forcing firms to re-think China relationship
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Gap, Inc. (GPS) Oct. Comps Miss Estimates; Guides Q3 EPS Below Views
November 9, 2015 4:16 PM ESTGap, Inc. (NYSE: GPS) reported that net sales for the four-week period ended October 31, 2015 were $1.20 billion compared with net sales of $1.26 billion for the four-week period ended November 1, 2014. For the third quarter of fiscal year 2015, Gap Inc.s net sales decreased 3 percent to $3.86 billion compared with $3.97 billion for the third quarter of last year.
On a constant currency basis, net sales for the third quarter of fiscal year 2015 were flat versus last year.1 The company noted that the translation of foreign currencies into U.S. dollars negatively impacted the companys reported... More
