What's Happening With Gap's Stock? [Forbes]
Gap, Inc. (The) (GAP)
US:NYSE Investor Relations:
greatatlanticinc.com
Company Research
Source: Forbes
Getty Images Note : Gap's FY'23 ended on February 3, 2024. Gap Inc. stock (NYSE: GAP) grew 17% in 2024 compared to a 23% return of the S&P 500 over the same period. In contrast, its peer Guess stock was down 41% in 2024. Also, See What's Next for Guess' stock? So what's happening with GAP stock? Gap experienced a decline in sales momentum over recent years, with revenues decreasing 11% from $16.7 billion in 2021 to $14.9 billion in 2023. However, the company has implemented cost-cutting measures and strategic initiatives, including key executive appointments such as CEO Richard Dickson, to drive sales and earnings growth. Recent results indicate a turnaround, with positive comparable store sales in FY 2024. Following the successful closure of underperforming stores, we expect sales growth to increasingly reflect the company's strategic transformations. In the first nine months of FY 2024, revenue grew 3% year-over-year to $11 billion, with gross profits also increasing, resul
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News
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GAP
Earnings
- 11/21/24 - Beat
GAP
Sec Filings
- 12/17/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 144
- GAP's page on the SEC website