Gap Inc. Oct. Comps. Down 3% - Quick Facts

(RTTNews) - Gap Inc. (GPS) reported that net sales for the four-week period ended October 31, 2015 were $1.20 billion compared to $1.26 billion for the four-week period ended November 1, 2014. Comparable sales for October were down 3 percent.

For the third quarter of fiscal 2015, net sales decreased 3 percent to $3.86 billion compared to $3.97 billion for the third quarter of last year. On a constant currency basis, net sales for the third quarter of fiscal year 2015 were flat versus last year. comparable sales for the third quarter were down 2 percent. The company expects its adjusted earnings per share to be in the range of $0.62 to $0.63.