Gap Inc. (GAP) Raises Full-Year Profit Guidance Despite 2% Drop in Total Sales and Underperformance at Old Navy
Gap Inc. raised its full-year adjusted operating margin forecast to 7.4%-7.6% and its adjusted EPS guidance to $2.35-$2.45 after reporting quarterly results on August 27. Despite a 2% decline in total company sales, comparable sales for the namesake Gap brand rose 10% and Banana Republic comparable sales increased 3%, offsetting a 4% decline in Old Navy comparable sales and a 12% decline in Athleta comparable sales.
Source:Yahoo财经 · Source Link
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