Due to the 53rd week in fiscal year 2012, comparable sales for the combined months of November and December 2013 are compared to the nine-week period ended January 5, 2013. Net sales for the nine-week period ended January 4, 2014 were $3.68 billion compared with net sales of $3.59 billion for the nine-week period ended December 29, 2012.
During the third quarter earnings announcement, the company reaffirmed its full-year earnings per share guidance range of $2.57 to $2.65 for fiscal 2013. Having completed the majority of the holiday season, the company noted that it is comfortable delivering at the high end of this range.
“We delivered solid overall performance across our global brands this holiday season, on top of last year’s strong results,” said Glenn Murphy, chairman and chief executive officer of Gap Inc.
Gap Inc.’s comparable sales for December 2013 were flat versus a 5 percent increase for December 2012. Due to the 53rd week in fiscal year 2012, comparable sales for December 2013 are compared to the five-week period ended January 5, 2013.
The company reported that net sales for the five-week period ended January 4, 2014 were $2.05 billion compared with net sales of $2.08 billion for the five-week period ended December 29, 2012.
Comparable sales by global brand for December 2013 were as follows:
- Gap Global: positive 1 percent versus flat last year
- Banana Republic Global: flat versus positive 1 percent last year
- Old Navy Global: negative 2 percent versus positive 13 percent last year.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, Athleta, and Intermix brands.
Fiscal year 2012 net sales were $15.7 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,100 company-operated stores, over 350 franchise stores, and e-commerce sites.
Fashion | On 28th Jul 2016
Montreal-based family apparel marketer Gildan Activewear Inc....
Information Technology | On 28th Jul 2016
E-commerce has the potential to add 12 million of the 80 million new...
‘Portugal is taking away a major share of the mill made sector.’
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
DLF Emporio and DLF Promenade
‘Each event and promotion is planned out keeping in mind the business of...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
"We should not compare India and the West. There are things we do that...
"You have to truly understand what your client wants, know her needs, what ...