By  on May 24, 2018

Weaker comparable-sales growth at Old Navy and operational missteps at Gap took some of the wind out of Gap Inc. first-quarter results.

The specialty retailer, however, managed to keep profits rising. Net income increased 14.7 percent to $164 million, or 42 cents a share, from $143 million, or 36 cents, a year earlier. Sales for the quarter ended May 5 rose 10 percent to $3.78 billion from $3.44 billion.

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