Gap Inc., for the second straight month, reported a strong customer response in October to its Old Navy clothing lines but weakness at its namesake chain because of a recent warehouse fire.

In all, the retailer's total same-store sales fell 1% in October, reflecting a negative effect of about three percentage points from the August fire at its Fishkill, N.Y., distribution center.

Gap, which lowered its full-year earnings forecast in August, said Monday that it expects to report third-quarter earnings excluding items of 59 cents to 60 cents a share. The company said third-quarter net sales fell to $3.8 billion from $3.86 billion.

Analysts polled by Thomson Reuters expected earnings of 53 cents a share on revenue of $3.73 billion.

Gap shares rose 3 cents to $27 in after-hours trading.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

November 07, 2016 17:15 ET (22:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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