More on Gap's Q3 report: Profit fell 36% Y/Y on higher discounting and production costs....

|By:, SA News Editor

More on Gap's Q3 report: Profit fell 36% Y/Y on higher discounting and production costs. Comparable stores sales: Gap -6% Y/Y; Banana Republic -1%; Old Navy -4%; International -10%. Online sales positively impacted comparable sales by 2 percentage points. Reaffirms FY11 EPS guidance of $1.40-$1.50. Announces $500M share repurchasement program. Shares +0.3% AH. (PR)