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Article: Gap's results in 2d quarter gallop ahead. (Gap Inc.)
- Article from:
- Daily News Record
- Article date:
- August 14, 1987
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Copyright informationCOPYRIGHT 1987 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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Gap's Results In 2d Quarter Gallop Ahead
Sales and profits at The Gap continued to set a torrid pace with earnings up 56.4 per cent in the second quarter and 57.3 per cent in the six months ended Aug. 1. Sales moved ahead 32.2 per cent in the quarter and 32 per cent in the half.
Earnings in the quarter came to $13,126,000, or 37 cents a share, from $8,394,000, or 24 cents. Sales were $217,753,000 against $164,760,000. The company pointed out that the earnings increase in the quarter is after a $1.2-million, or 3 cents a share, writeoff related to the relocation of Banana Republic head-quarters.
In the half, earnings totaled $29,291,000, or 82 cents, against ...
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