Gap reports 13% higher qtrly comparable sales

Gap inc. reports second quarter results.q2 loss per share $0.17.q2 earnings per share estimate $-0.41 -- refinitiv ibes data.nearly doubled e-commerce business, with approximately 50% online penetration.not providing fiscal year net sales or earnings outlooks at this time..qtrly net sales for old navy global were down 5%.qtrly net sales for banana republic global were down 52%.ended q2 with $2.2 billion in inventory, down about 4% year-over-year.qtrly net sales for athleta were up 6%.qtrly net sales $3.28 billion versus $4 billion.now expects to close over 225 gap and banana republic stores globally, net of openings, in 2020 with additional closures expected in 2021..q2 revenue view $2.91 billion -- refinitiv ibes data.qtrly comparable sales were up 13%, driven by strength of gap inc.'s scaled e-commerce business.qtrly gap global net sales were down 28%.approximately 90% of its global fleet open as of august 1.
GPS Ratings Summary
Quant
GPS Quant Ranking
Sector
Industry
Quant Rating
Quant Score