Gap Inc. Posts Mixed Q1 Sales Performance

Gap Inc.San Francisco–Gap Inc. has booked a mixed sales performance in the first-quarter, with net sales growth but a slight fall in comparable store sales.

The  retailer, which operates about 3,100 stores, said net sales reached $3.77 billion in the quarter, compared to $3.73 billion in the same period last year.

But comparable store sales edged down 1%, with a 5% decline at Gap, a 1% fall at Banana Republic, while Old Navy recorded a 1% increase.

For April, however, comparable store sales were up 9%, helped by a 3% rise at Gap, a 7% increase at Banana Republic and an 18% jump at Old Navy. Net sales grew 10% to $1.33 billion from $1.21 billion last year.

“We are pleased with our execution overall in April, especially at Old Navy,” said Chairman/CEO Glenn Murphy.
Gap Inc. expects first-quarter diluted earnings per share to be 56 to 57 cents, while gross margins are forecast to fall less than the year-over-year decline in the fourth quarter of last year.

For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.

Like this? Share it!