Reuters - Gap Inc reported quarterly
profit on Thursday that jumped 50 percent to beat Wall Street
estimates, as cost-cutting and other moves offset declining
sales at its family of chain stores.
AP - Apparel retailer Gap Inc. said Thursday that its second-quarter profit rose 51 percent, despite a sales decline, helped by cost-cutting and tight control on inventory.
AP - Rising commodity costs kept weighing on food makers H.J. Heinz Co. and Hormel Foods Corp. in the most recent quarter, even as consumers continued to swallow price increases for their favorite foods.
AP - Customers bought more Whoppers, Cheesy Bacon BK Wrappers and crispy chicken sandwiches in the fourth quarter, driving Burger King's profit up 42 percent.
