Clothing Brand Retailer Gap Profit Growth 3.7%

2011/2/28 10:01:00 80

Beijing time February 25th morning news, the largest clothing brand in the United States

Retailer

Gap Inc. recently announced its fourth quarter earnings.

Data showed that profits rose by 3.7%, thanks to the rapid growth of international sales, higher than analysts' previous forecasts.

The retail company in San Francisco said that net income rose to $365 million from $352 million in the same period of last fiscal year to 365 million in January 29th, and earnings per share rose from 51 cents to 60 cents, higher than Peng Bo's previous average forecast of 57 cents.

Glenn Murphy, CEO of Glenn Murphy

shop

The distribution has been reformed, closed down some North American stores, and overseas stores have been set up, which has led to an increase of 12% in the international revenue of visiting companies in the fourth quarter.

24 days, the company plans to add 50 new stores abroad, including China and Italy.

At present, there are 3068 branches in the retail business, and 353 outside the United States.

At 4:31 p.m. after the regular trading of the New York stock exchange, the price of Cape's shares rose 2.3% to 23 dollars, and the stock price of the company increased by 1.6% this year.

Cover Pu's fourth quarter revenue was $4 billion 360 million, an increase of 3%, of which international

Sales volume

620 million, an increase of 12%.

The sales volume of shops over one year has basically remained unchanged.