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.
Textiles | On 27th Aug 2016
Seven French textile machinery manufacturers will showcase their...
Apparel/Garments | On 27th Aug 2016
Indian cities such as Bangalore, Hyderabad, Delhi and Pune are...
‘New vendor is welcome if he offers cost, quality and timely delivery’
‘The terms eco-friendly and organic are common but everyone perceives them ...
‘Online economy has changed the whole dynamics of buying habits.’
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
"We should not compare India and the West. There are things we do that...
Apparel/Garments | On 26th Aug 2016