• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Gap Inc's net earnings jump 39% in Q2

20 Aug '05
3 min read

Gross margins declined 1.2 points in the second quarter compared to the prior year.

Operating margin for the second quarter was 11.5 percent.

The company reported that inventory per square foot was down 3 percent at the end of the second quarter as compared to a 7 percent decline in the second quarter of the prior year. Inventory per square foot at the end of the third quarter is expected to be down in the low single digits, compared with a 1 percent increase last year. Inventory per square foot for the fourth quarter is expected to be flat compared with a 6 percent increase last year.
Interest Expense

The company reiterated that it expects full year 2005 gross interest expense to be about $55 million.

Depreciation and Amortization
The company expects depreciation and amortization expense for fiscal year 2005 to be about $550 million.

Capital Expenditures
Fiscal year to date capital expenditures were approximately $259 million compared with $147 million last year. The company reiterated that it expects its full-year 2005 capital spending to be about $625 million.

Gap Inc, which is global retailer, has about 3,000 stores and fiscal 2004 revenues of $16.3 billion. Company operates three of the most recognized apparel brands in the world Gap, Banana Republic and Old Navy. Every day, they look for new ways to connect with customers around the world, provide value to their shareholders and make a positive contribution in the communities where company do business.

Gap Inc

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search