Weakness at Banana Republic dragged down Gap Inc.’s results for the third quarter, prompting a profit outlook that left investors wanting.

Shares of the company fell 5.7 percent to $26.10 in post market trading Monday after the company said its comparable-store sales in October fell 3 percent, with a decline of 15 percent at Banana Republic, a drop of 4 percent at Gap and a gain of 2 percent at Old Navy.

That led to total third-quarter comp decline of 2 percent for the company, which pegged its adjusted earnings per diluted share for the three months at 62 cents to 63 cents. Analysts on average were looking for earnings of 66 cents per share.

The company also said it “now expects year-over-year inventory dollars per store at the end of the third quarter of fiscal year 2015 to be slightly lower than the guidance provided” in August, when inventory dollars were seen as “down slightly.”

Lower inventories can be a sign that a retailer is excepting less going forward.

Gap’s net sales for the third quarter fell 3 percent to $3.86 billion, or flat on a constant currency basis.

“With fall behind us, the teams across our portfolio are focused on strong execution for the holiday season,” said Sabrina Simmons, chief financial officer.

The retailer has been going through something of a tough stretch. Fitch Ratings recently cited a laundry list of changes at the company that are “collectively of concern in regard to current and future business trends.”

The company lost Stefan Larsson as global president of Old Navy to Ralph Lauren Corp. and Marissa Webb shifted from creative director at Banana Republic to creative adviser. The firm also has a $400 million term loan that will be used to buy back shares.

Gap has a credit rating of “BBB-minus,” one step away from a noninvestment or junk rating.

The company will report its third-quarter results on Nov. 19.

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