Home / Knowledge / News / Apparel/Garments / Q2FY17 sales just above 1% at apparel marketer Gap
Q2FY17 sales just above 1% at apparel marketer Gap
23
Aug '16
Courtesy: Gap
Courtesy: Gap
Net sales for the three months ended July 30, 2016 at apparel marketer Gap Inc rose just a shade above one percent at $3.85 billion, compared with $3.90 billion for the second quarter of fiscal 2016.

Comparable sales for the second quarter of fiscal 2017 were down 2 per cent, the same decline as in the prior fiscal's same quarter.

For the reporting quarter, diluted earnings per share were $0.31 on a reported basis, while adjusted diluted earnings per share, a non-GAAP financial measure, were $0.60 for the second quarter of fiscal 2017.

“CEO Art Peck said, “While I remain unsatisfied with the pace of improvement across the business, I am encouraged by the underlying signs of progress in the quarter, as demonstrated by healthier merchandise margins.”

Gap updated its reported diluted earnings per share guidance for full fiscal 2017 to be in the range of $1.37 to $1.47.

Excluding the negative impact of restructuring costs, which is expected to be approximately $0.45 to $0.50, the company expects its adjusted diluted earnings per share to be in the range of $1.87 to $1.92. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search