The First Quarter Net Profit Of Us Famous Clothing Brands Reached US $333 Million.

< p > American famous "a target=" _blank "href=" //www.sjfzxm.com/ "clothing" /a "brand Gap has recently released its first quarter results. As of May 4th, net profit in the first quarter reached 333 million US dollars, or about 71 cents per share, an increase of 43%, higher than the net profit of 223 million dollars and 47 cents per share for the same period last year.

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< p > this earnings exceeded Wall Street's expectations, and the growth was mainly due to the same store sales increase and Asian market growth of Old Navy brand and Gap chain store.

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< p > results show that Gap's net sales increased by 7% in the first quarter to 3 billion 730 million US dollars, up 3 billion 490 million US dollars in the same period last year and 2% in the same store.

According to Thomson Reuters survey, analysts had expected the retailer to make a profit of 69 cents per share and $3 billion 680 million in revenue in the first quarter.

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< p > Gap has reaffirmed its annual performance guidance and expects full year earnings of US $2.52 to US $2.60 per share.

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< p > it is understood that 86% of the company's revenue comes from the North American market, and is now constantly advancing into the new international market.

But the results were mixed. Sales in the European market were basically flat, because local consumers continued to cut spending, while Asian market revenue increased by 14.7%. Gap opened Gap stores in the Chinese market and opened Old Navy stores in the Japanese market.

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< p > despite the fact that the retailer's recent business environment has become increasingly difficult, US consumers are faced with the pressure of rising cost of living and constant income, and the retail sector has achieved better than expected performance this quarter.

Messi's Department reported its earnings on Wednesday, with quarterly earnings exceeding analysts' expectations and strong sales performance, prompting the company to raise its dividend.

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< p > the secret of retail chain store in Vitoria and the parent company of Bath & Body Works L Brands exceeded Wall Street's first quarter earnings, earning 48 cents per share, with sales of US $2 billion 270 million.

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