3 months Free Trail

Get world class research developed by an in house team of professionals backed with strong institutional support. With reports that span across time horizons, styles and easily actionable strategies, you are never too far from executing a winning trade.

Key features and benefits of Registeration :
  • My Portfolio : Access 360° View not only of your Portfolio with Emkay, but all your Investment Portfolios
  • Emkay Research : Get Emkay's exclusive Research Reports & Trading Ideas.
  • My Watch list : Track your favorite stocks, Derivatives, Currencies, Commodities, Mutual funds on the go
  • Markets : Grab Stock Market Information at your fingertips
  • News & Announcements : Stay Updated 24x7 with news that matters.
  • Alerts : Get Alerts on Emkay Research, Trading Ideas, news on your portfolio holdings & watchlist

Forgot password

Change password

Forgot Customer Code

Gap December sales rises 3% to $2.07 bn

Share Source By

Dion Global

06 Jan 2017

Apparel maker Gap on Thursday reported that its net sales rose 1 per cent and comparable sales were up 2 per cent for the November and December 2016 holiday season, compared with last year.

“The company’s net sales for the five-week period ended December 31, 2016 increased 3 per cent to USD 2.07 billion, compared with net sales of USD 2.01 billion for the five-week period ended January 2, 2016,” Gap said in a statement.

“We're pleased with the improved momentum we saw over the holiday season, driven primarily by a positive customer response at Gap and Old Navy,” said Sabrina Simmons, chief financial officer, Gap Inc. “Based on these results, we now expect full-year adjusted earnings per share to be modestly above the high end of our previous adjusted guidance range of USD 1.92."

The company’s comparable sales for December 2016 were up 4 per cent versus a 5 per cent decrease last year.