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Second-quarter profit down at Gap Inc
24 Aug '11
5 min read
Dividends
The company paid a dividend of $0.1125 per share during the second quarter of fiscal year 2011, which was an increase of 13 percent compared with last year.
The company ended the second quarter of fiscal year 2011 with 3,248 store locations in 34 countries, including 195 franchise stores. Net square footage of company-operated stores decreased 2 percent to 37.7 million compared with last year.
The company continues to expect net openings of about 75 stores, including franchise stores, during fiscal year 2011. Full year net square footage for company-operated stores is expected to decrease by about 2 percent for fiscal year 2011.
The company paid a dividend of $0.1125 per share during the second quarter of fiscal year 2011, which was an increase of 13 percent compared with last year.
The company ended the second quarter of fiscal year 2011 with 3,248 store locations in 34 countries, including 195 franchise stores. Net square footage of company-operated stores decreased 2 percent to 37.7 million compared with last year.
The company continues to expect net openings of about 75 stores, including franchise stores, during fiscal year 2011. Full year net square footage for company-operated stores is expected to decrease by about 2 percent for fiscal year 2011.
GAP Inc
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