Gap Inc. Reports June Sales Results
July 07 2016 - 4:15PM
Business Wire
Gap Inc. (NYSE: GPS) today reported that net sales for the
five-week period ended July 2, 2016 increased 2 percent to $1.57
billion compared with net sales of $1.54 billion for the five-week
period ended July 4, 2015.
“We are pleased to see better performance across the portfolio
this month, partly driven by an improvement in June traffic trends,
particularly at Old Navy,” said Sabrina Simmons, chief financial
officer, Gap Inc.
June Comparable Sales Results
Gap Inc.’s comparable sales for June 2016 were up 2 percent
versus a 1 percent decrease last year. Comparable sales by global
brand for June 2016 were as follows:
- Gap Global: negative 1 percent
versus negative 5 percent last year
- Banana Republic Global: negative
4 percent versus positive 1 percent last year
- Old Navy Global: positive 5
percent versus positive 1 percent last year
Additional insight into Gap Inc.’s sales performance is
available by calling 1-800-GAP-NEWS (1-800-427-6397). International
callers may call 706-902-4949. The recording will be available at
approximately 1:15 p.m. Pacific Time on July 7, 2016 and available
for replay until 1:15 p.m. Pacific Time on July 15, 2016.
July Sales
The company will report July sales at 1:15 p.m. Pacific Time on
Monday, August 8, 2016.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing,
accessories, and personal care products for men, women, and
children under the Gap, Banana Republic, Old Navy, Athleta, and
Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap
Inc. products are available for purchase in more than 90 countries
worldwide through about 3,300 company-operated stores, about 450
franchise stores, and e-commerce sites. For more information,
please visit www.gapinc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160707006409/en/
Gap Inc.Investor Relations Contact:Jack Calandra,
415-427-1726Investor_relations@gap.comorMedia Relations
Contact:Jennifer Poppers, 415-427-1729Press@gap.com
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