Gap Inc raises 2024 outlook after market share gains in Q3 [Yahoo! Finance]
Gap, Inc. (The) (GAP)
US:NYSE Investor Relations:
greatatlanticinc.com
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Source: Yahoo! Finance
Its operating expenses slightly decreased to $1.28bn in this quarter from $1.30bn in the corresponding quarter of the previous year. The company's net income was $274m compared to $218m in the same period last year. This profit rise was echoed in its diluted earnings per share, which climbed by 24.1% to $0.72 from $0.58 in the prior year. Gap Inc's gross margin improved to 42.7%, which was a notable increase of 140 basis points over last year's figure. Gap Inc president and CEO Richard Dickson said: “I'm proud that Gap delivered another successful quarter, growing net sales for the fourth consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin. “Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap's full potential.” Gap Inc's Old Navy brand registered
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GAP
News
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GAP
Earnings
- 11/21/24 - Beat
GAP
Sec Filings
- 11/26/24 - Form 4
- 11/26/24 - Form 10-Q
- 11/21/24 - Form 8-K
- GAP's page on the SEC website