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Non-Tech : The Gap -- Ignore unavailable to you. Want to Upgrade?

To: sydney who wrote (133)	11/11/1999 1:17:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 189

response from the street seems moot. i guess one could take that as slightly positive given the lackluster comps (italicized below). hope the holiday season is a winner for you. as someone who's still not a shareholder, i clearly post here too often. i suppose i could chalk it up to my soft spot for banana republic duds. dig those stretch shirts -- got my second one (muted gray) the another day. on my new BR plastic(!). ----- The Gap third-quarter profits climb 32 percent Yet same-store growth slows from year-earlier pace By Steve Gelsi, CBS MarketWatch Last Update: 9:40 AM ET Nov 11, 1999 NEW YORK (CBS.MW) -- The Gap posted a 32 percent advance in third quarter earnings Thursday, but same-store sales rose at a slower pace. The retailer (GPS) said it earned $315 million, or 35 cents a share, in the third quarter, up from $238 million, or 27 cents, in the year-ago period. The latest number beat by a penny the earnings forecast of 34 cents a share in a survey of analysts by First Call. Sales grew 27 percent to $3.05 billion vs. $2.4 billion in 1998. Same-store sales increased 5 percent compared with 13 percent growth last year. Gap stores turned in a negative low-single digit percentage growth vs. a positive high-single digit last year; GapKids was flat compared to a positive low-single digit last year; Banana Republic had a positive high-single digit vs. positive mid-teens last year, and Old Navy turned in positive low-teens versus positive low-twenties last year. Shares of The Gap rose 9/16 to 34 3/4 in recent trading.