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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (33731)	2/26/2002 4:43:37 PM
From: Softechie	Respond to of 99280

GPS Gap Inc reports in-line Q4 (13.55 +0.64) -- Update -- Co reports a Q4 loss of $0.04 (including a $15 mln after-tax charge), in-line with the Multex consensus; sales fell 11% to $4.1 bln, also in-line with consensus; same store sales fell 16%. Co confirmed that it has received $1.3 bln in commitments for a new 2-year secured bank credit facility. Commenting on Feb month-to-date sales results, the CFO said: "comparable store sales through Monday are negative 17%. For the month, we currently expect Banana Republic and Old Navy will beat projections while Gap will fall short."