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Article: Gap sees record profits.
- Article from:
- Daily News Record
- Article date:
- November 6, 1985
CopyrightCOPYRIGHT 1985 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN BRUNO, Calif. (FNS) - Aided by "substantial" improvement in the Gap stores division and the growth of Banana Republic, The Gap Stores, Inc., expects to earn a record $1.40-a-share in the third quarter compared with 51 cents in the 1984 third quarter and 87 cents in the 1983 third quarter.
For the nine months ended Nov. 2, earnings are predicted to be about $1.32 a share compared with 60 cents a year earlier and $1.27 in the 1983 nine months.
Sales for the quarter were ahead about 32.6 per cent to $187.5 million from $141.4 million. Same-store sales in the quarter gained about 21.2 per cent as all divisions reported increases ...