top partner

for CFD

Specialty apparel company GAP Inc. (NYSE: GPS) announced financial results for the third quarter of 2023, reporting a decrease in earnings and revenues.

Third-quarter net sales came in at $3.8 billion, which is down 7% compared to last yearComparable store sales decreased 2% year-over-year during the three-month periodThe company ended the quarter with 3,533 store locations in over 40 countriesOnline sales, which represent 38% of total net sales, decreased by 8% in Q3 compared to the same period last yearGross margin came in at 41.3% in Q3, which is up 390 basis points versus last year’s third-quarterReported operating income was $250 million; reported operating margin came in at 6.6%Third-quarter net income decreased to $218 million or $0.58 per share from $282 million or $0.77 per share last year Adjusted earnings decreased to $0.59 per share during the three-month period

The post Earnings Summary: Gap Inc. reports Q3 2023 financial results first appeared on AlphaStreet.

Read the full story: Read More“>

Blog powered by G6

Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.

For any inquiries, please contact [email protected]