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Gap Group'S Two Quarter Expected Price Rises

2014/8/10 20:11:00 29

> a href= "http:// www.sjfzxm.com/news/index_c.asp" > Gap /a > Inc. (NYSE:GPS) GAPP group recently released sales data for July and the two quarter, benefiting from the 4% growth of Old Navy Old Navy's same store sales, offsetting the decline of 5% of the group's brand of the same name, the overall sales of the same store were unchanged from the previous year, and the brand of the same brand was the same.

Overall sales in the two quarter increased by 3% to $3 billion 980 million, compared with $3 billion 870 million in the same period last year.

Gap Inc. expects earnings in the two quarter of August 2, 2014 to be US $0.73 to $0.74 per share, up 0.64 from US $0.64 in the same period last year. However, about $0.05 of earnings per share came from non operating items, and the adjusted earnings per share of US $0.68 and US $0.66 also exceeded the analyst's expected $0.66 by selling a href= "http:// www.sjfzxm.com/ news/index_c.asp" > Real Estate < /a >.

Less than P, Gap Inc. shares rose 5.10% on Thursday, at $42.25.

In July of August 2nd, the overall sales of Gap Inc. group increased by 5%, from 1 billion 120 million US dollars in the same period last year to 1 billion 170 million US dollars. The total sales volume of the same store has increased by 2%, which has recovered from the downturn in June. Among them, the Gap cover brand sales in the same store dropped by 2%, Banana Republic increased by 6% in the same store, and the Old Navy Old Navy < a href= "http:// / P".

Gap Inc. group also announced that its brand Banana Republic Banana Republic has entered the new mileage under the guidance of the new creative director and senior vice president of design department, Marissa Webb. At the same time, the group has launched a large-scale "The New Look of of" marketing campaign for the brand worldwide.

Gap Inc. group will release official earnings report at 1:00 p.m. on August 21st and hold Earning Call.