By  on May 17, 2012

Gap Inc.’s net profits were flat in the first quarter, but comparable-store sales rose 4 percent and the company nudged up its earnings guidance for the year.

Net income held steady at $233 million, but earnings per diluted share grew to 47 cents from 40 cents a year earlier as the company repurchased stock. EPS came in 1 cent ahead of the 46 cents Wall Street expected.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus