Gap Inc. Reports Increase in October Sales and Strong Third Quarter Sales Results

SAN FRANCISCO - (BUSINESS WIRE) - Gap Inc. (NYSE: GPS) today reported that net sales for the third quarter of fiscal year 2012 increased 8 percent compared with last year, and October 2012 net sales increased 6 percent compared with last year.

Net sales for the third quarter, which ended October 27, 2012, increased 8 percent to $3.86 billion compared with $3.59 billion for the third quarter last year. The company's third quarter comparable sales were up 6 percent compared with a 5 percent decrease in the third quarter last year.

In addition, net sales for the four-week period ended October 27, 2012 were $1.22 billion compared with net sales of $1.14 billion for the four-week period ended October 29, 2011. The company's comparable sales for October 2012 were up 4 percent compared with a 6 percent decrease in October 2011.