May 18 (Reuters) - Clothing retailer Gap Inc reported a 12.6 percent rise in quarterly profit, helped by robust demand for its Old Navy brand.
The company’s net income rose to $143 million, or 36 cents per share, in the first quarter ended April 29 from $127 million, or 32 cents per share, a year earlier.
Gap’s same-store sales rose 2 percent in the quarter. Analysts on average had expected a 0.2 percent fall, according to Consensus Metrix.
Revenue was flat at $3.44 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Anil D‘Silva)