Advertising Console

    Gap Reports Higher Profit, Sticks To Forecast

    Repost
    Wochit Headline News

    by Wochit Headline News

    6.7K
    5 views
    Gap reported a better-than-expected 9 percent rise in profit, helped by modest sales gains, and stuck to its profit forecast for the year. Gap's gross margins fell to 40 percent in the third quarter ended November 2, from 41.2 percent last year.