Gap Inc. Announces Sales Results for the Month of November and December 2013, Five-Weeks and Nine-Weeks Period Ended January 4, 2014; Reaffirms Full-Year Earnings Guidance for Fiscal 2013
January 09, 2014 at 04:00 pm
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Gap Inc. announced sales results for the month of November and December 2013, five-week and nine-week period ended January 4, 2014. The company announced positive 1% comparable sales and positive 2% net sales growth for the November and December 2013 holiday shopping season, compared with last year. Company's comparable sales for December 2013 were flat versus a 5% increase for December 2012. Due to the 53(rd) week in fiscal year 2012, comparable sales for December 2013 are compared to the five-week period ended January 5, 2013.
Net sales for the nine-weeks period ended January 4, 2014 were $3.68 billion compared with net sales of $3.59 billion for the nine-weeks period ended December 29, 2012.
The company reported net sales for the five-weeks period ended January 4, 2014 were $2.05 billion compared with net sales of $2.08 billion for the five-weeks period ended December 29, 2012.
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.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
Gap Inc. Announces Sales Results for the Month of November and December 2013, Five-Weeks and Nine-Weeks Period Ended January 4, 2014; Reaffirms Full-Year Earnings Guidance for Fiscal 2013