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Drop in Gap shares by 4% in July
(MENAFN) Gap reported its shares dropping 4% in after-hours trading Monday.
According to Thomson Reuters, Gap's net sales in Q2 were USD3.85b, compared with USD3.90b in last year. And that compares with an analyst's forecast of USD3.78b.
Sabrina Simmons, Gap's chief financial officer stated: 'While performance varied during the quarter, we made progress on our streamlining initiatives and continued to see signs of improvement in our larger brands.'
According to Thomson Reuters, Gap's net sales in Q2 were USD3.85b, compared with USD3.90b in last year. And that compares with an analyst's forecast of USD3.78b.
Sabrina Simmons, Gap's chief financial officer stated: 'While performance varied during the quarter, we made progress on our streamlining initiatives and continued to see signs of improvement in our larger brands.'
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