Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View [Yahoo! Finance]
Gap, Inc. (The) (GAP)
US:NYSE Investor Relations:
greatatlanticinc.com
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Source: Yahoo! Finance
GAP posted earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate of 56 cents and surged 22% from the prior-year quarter's adjusted figure. Quarterly results benefited from immense strength in brands and higher market share. The company gained market share for the seventh straight quarter. It has been smoothly progressing on the reinvigoration of its brands. The company has been actively managing costs. Management is focused on its four strategic priorities, such as driving financial and operational rigor, reinvigorating the brands, reinforcing its operating platform and energizing culture. Net sales inched up 2% year over year to $3.829 billion and beat the consensus estimate of $3.796 billion. The metric grew for the fourth straight quarter. Comparable sales (comps) rose 1% year over year. The company saw sturdy results at Old Navy, momentum at Gap, progress at Banana Republic and revert to growth at Athleta. Online sales grew 7% year over year, accounting
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GAP
News
- The Gap, Inc. (NYSE: GAP) had its price target raised by analysts at UBS Group AG from $14.00 to $16.00. They now have a "sell" rating on the stock.MarketBeat
- Retail Stocks Soar Into the Holidays as Gap Leads Wall Street Rally [Yahoo! Finance]Yahoo! Finance
- The Gap, Inc. (NYSE: GAP) had its "buy" rating re-affirmed by analysts at Guggenheim. They now have a $35.00 price target on the stock.MarketBeat
- The Gap: Brand Momentum Can Carry Shares Higher (Upgrade) [Seeking Alpha]Seeking Alpha
- Gap (GAP) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GAP
Earnings
- 11/21/24 - Beat
GAP
Sec Filings
- 11/21/24 - Form 8-K
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- GAP's page on the SEC website