The Gap Inc (NYSE:
GPS) reported a 4% drop in its May same-store sales.
Gap's net sales came in at $1.06 billion, versus $1.05 billion, in the year-ago quarter. Analysts were expecting a 1% fall in comparable sales. Gap North America's comparable sales dropped 4%, while its international same-store sales dipped 9%.
Gap's shares fell 1.75% to $18.57 in pre-market trading.
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