In October, Gap Sales In The Same Store Decreased By 1% Year-On-Year.

Inc. Cape group has said its biggest two months in a row.

The old navy of Old Navy has continued to gain positive response from customers. This is also reflected in sales data. In October, the same store sales of the brand registered an increase of 3%, which already contained 1 percentage points of negative impact caused by the fire at the Fishkill New York distribution center in late August, and its growth rate was significantly higher than that of 2% in the same period last year.

However, the Gap Cape brand and the Banana Republic Republic of the banana republic continue to sink, but in part the blame is placed on the above distribution center fire.

In October, the sales of the two brands in the same store decreased by 7% and 4% respectively, and the negative effects of the distribution center fire on each of them caused 5 percentage points and 4 percentage points respectively. This means that after the factor was deleted, the sales of the same store in the Banana Republic of Banana Republic can actually be flat in the same period last year, ending the 19 consecutive month's downtrend.

According to the data, the brand's same store sales recorded a 15% decline in the same period last year, while the decline in September this year has narrowed to 3% after the impact of the distribution center fire. But the rising trend needs to be observed in the next few months, especially the most important holiday season in the year.

Gap Inc. (NYSE:GPS) jumped 5% on Monday, 7.

In October, the overall sales of Gap Inc. & amp; Cape group decreased by 1% year-on-year, including the negative impact of 3 percentage points of the fire in the distribution center. That is, if it is not the man-made disaster that has been proved to be arson, the group will achieve a 2% growth and the market forecast will drop by 2%.

Net sales of $1 billion 200 million are comparable with the same period last year.

The improvement in October is also reflected in the commodity profit margin. The group pointed out that the profit margin of the month was significantly higher than the previous forecast, which is also sufficient to offset the loss of sales and the expected pressure on the increase in logistics costs due to the fire caused by the distribution center fire.

In the 8-10 quarter of three, the group's same store sales fell 3%, the negative impact of the distribution center fire was 2 percentage points, the old navy of Old Navy rose 3%, the Gap cap brand and the Banana Republic Banana Republic fell 8%.

Group net sales totaled 3 billion 800 million US dollars, down 1.6% from US $3 billion 860 million last year, which is already higher than the US $3 billion 730 million expected by the market.

Gap Inc. Cape Group expects the three quarter adjusted EPS EPS to be far better than US dollars.

The expected $0.53.

The group will announce its full quarterly results in November 17th.

Sabrina Simmons, who is the chief financial officer of the group for 10 years, will be leaving in February 1st next year at the end of the 2016 fiscal year.