Gap (GPS) Stock Up Slightly in After-Hours Trading on May Sales Data

NEW YORK (TheStreet) -- Shares of Gap (GPS) were gaining 0.2% to $38.54 after-hours on Thursday after the apparel retailer reported sales results for May 2015.

Gap reported net sales of $1.25 billion for the month of May, down from $1.27 billion in May 2014.

The company said comparable sales fell 1% in May 2015 thanks to the strength of the Old Navy brand, compared to a 1% increase in May 2014. Old Navy comparable sales grew 6% in the month compared to a 2% increase in May 2014.

Gap brand comparable store sales fell 6% in May 2015 compared to a 3% decrease in May 2014. Banana Republic comparable sales fell 5% compared to a 3% increase in May 2014.

"We're pleased with Old Navy's continued momentum and we remain focused on consistently delivering higher levels of performance across our portfolio," CFO Sabrina Simmons said.

GPS ChartGPS data by YCharts

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