Gap Up 9% After Reporting February Same Store Sales

Loading...
Loading...
Shares of Gap
GPS
are up 9% after the company reported February same store sales. The company today reported that February 2012 net sales increased 6 percent compared with last year. Net sales for the four-week period ended February 25, 2012 were $874 million compared with net sales of $821 million for the four-week period ended February 26, 2011. The company's comparable sales for February 2012, which include the associated comparable online sales, were up 4 percent compared with a 3 percent decrease for February 2011. “We're pleased we delivered positive comps across our North America businesses during February and that customers responded well to our spring product,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsIntraday UpdateMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...