GAP: Q3 EPS down a third

(CercleFinance.com) - The clothing chain store group Gap reported Q3 EPS of 25 cents on Tuesday evening, down from 37 cents a year ago, representing a fall that exceeded analysts' expectations.


The group, which operates the Gap, Old Navy, Banana Republic and Athleta brands, saw its revenues stagnate at nearly four billion dollars, albeit with 5% growth in comparable data, led by online sales (+61%).

Gap said, "However, with rapidly growing online sales contribution... and the opportunity for market share gains, supported by the significant investment in marketing, the company remains optimistic for the fourth quarter".


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