Gap Stock Jumps as Old Navy Parent Boosts Outlook [Yahoo! Finance]
Gap, Inc. (The) (GAP)
US:NYSE Investor Relations:
greatatlanticinc.com
Company Research
Source: Yahoo! Finance
Gap CEO Richard Dickson said the holiday season is "off to a strong start." Gap shares are rising 15% in premarket trading. Shares of The Gap ( GAP ) are surging in premarket trading after the apparel retailer reported stronger-than-expected third-quarter results and boosted its full-year sales outlook. The company behind the Old Navy, Banana Republic and Athleta brands now anticipates fiscal 2024 sales to grow between 1.5% and 2%—compared with its earlier guidance of “up slightly." The higher guidance comes as quarterly results topped estimates. Gap posted third-quarter revenue of $3.83 billion, up 2% year-over-year, and earnings per share (EPS) of 72 cents. Analysts had expected third-quarter revenue of $3.81 billion and EPS of 55 cents, according to estimates from Visible Alpha. The results mark continued progress for the retailer under Chief Executive Officer (CEO) Richard Dickson, who joined from toymaker Mattel, where he reinvigorated the Barbie franchise. He took
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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
- Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View [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
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