The Gap, Inc. (NYSE:GPS) to close at $26.25 by jumping up 15.23% with session volume was recorded 31.83 Million. Gap Inc. (GPS) revealed that its September same sales down 3 percent versus a 1 percent decrease previous year. The firm estimated that the fire which occurred in a building on its Fishkill, New York distribution center campus negatively impacted Gap Inc.’s September 2016 same sales by about 3 percentage points.
Same sales surged 4% at Old Navy Global, while declining 10% at Gap Global and 9% at Banana Republic Global. Net sales for the five-week period ended October 1, 2016 reduced 2 percent to $1.43 billion compared with net sales of $1.46 billion for the five-week period ended October 3, 2015. As concerns of stock price volatility, it was 4.12% for a week and 2.75% for a month.
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Oil-Dri Corp. of America (NYSE:ODC) moving in diverse range of trends as shares traded at $34.05 with inches down of -0.61%. Oil-Dri Corporation of America (NYSE: ODC) reported net income for the fourth quarter of fiscal 2016 of $5,261,000 or $0.72 of earnings per diluted share. This compared to net income of $5,066,000 or $0.71 of earnings per diluted share in the same quarter of the previous year. Net sales of $64,916,000 in the quarter reduced by 1% compared to net sales of $65,519,000 in the same quarter of the previous year.
Net income for the fiscal year of $13,613,000 or $1.87 of earnings per diluted share was an 18% raise compared to net income of $11,368,000 or $1.59 of earnings per diluted share in the previous year. Net sales in fiscal 2016 were $262,313,000, which was higher than the net sales of $261,402,000 reported in fiscal 2015. To knowledge the question of growth, it has yearly sales growth for the past five year of 3.00%. While past twelve months price to sales ratio recorded as 0.95 and price to cash ratio remained 8.63.
Can Oil-Dri Corp. of America turn tables following this earnings announcement? Find Inside Facts Here