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Article: The Gap sees return to profit in 1st quarter.
- Article from:
- Daily News Record
- Article date:
- April 23, 1986
CopyrightCOPYRIGHT 1986 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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The Gap Sees Return to Profit In 1st Quarter CHICAGO (FNS) -- Donald G. Fisher, chairman of The Gap, Inc., said at an analysts' meeting here that earnings per share would be in the range of 55 to 58 cents for the first quarter ending May 3.
The Gap had a loss of $1.1 million in the year-ago quarter.
Sales from continuing operations for the quarter are expected to be up 49.9 per cent to $158 million from $105.4 million in the year-ago period, Fisher said. He added that comparable store sales will increase about 29 per cent.