Monthly sales: On October 11, 2007, we reported net sales of $1.43 billion for September. Comparable store sales decreased 7 percent. Quarterly earnings: On August 23, 2007, we reported second quarter earnings per share of $0.19, or $152 million, compared with $0.15 per share, or $128 million, for the same period last year. Year-to-date net sales of $9.85 billion for the thirty-five weeks ended October 6, 2007, increased 1 percent compared with net sales of $9.76 billion for the thirty-five weeks ended September 30, 2006.
Gap Inc. is comfortable with their inventory levels which they will continue to manage tightly heading into the important holiday season.
Gap Inc. is comfortable with their inventory levels which they will continue to manage tightly heading into the important holiday season.
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