Gaps said that net sales increased 6% in November to $1.72 billion, up from $1.63 billion in November, 2013.
Comparable store sales grew 6% in November for the company, up from 2% growth in November, 2013. Comparable store sales increased 18% for Old Navy stores, and 2% for Banana Republic stores. Comparable store sale fell 4% for Gap brand stores.
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"Old Navy delivered standout performance in November, with customers responding positively to the brand's holiday assortment and marketing," chairman and CEO Glenn Murphy said. "With much of the holiday season still ahead, we remain focused on strong execution across all of our brands."
TheStreet Ratings team rates GAP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GAP INC (GPS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."