With On-Trend Fashion And Inspired New Leadership, Gap's Turnaround Begins [Forbes]
Gap, Inc. (The) (GPS)
Last gap, inc. (the) earnings: 3/12 04:15 pm
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Source: Forbes
Gap Inc. and its four iconic fashion brands – Old Navy, Banana Republic, Athleta and its namesake Gap – has finally got its mojo back. In CEO Richard Dickson's after only eight months on the job, global net sales increased 3.4% to $3.4 billion. And all four brands turned positive on a comparable basis, the first time in a decade since that happened. Confident that he and his team are on the right track, Dickson raised full-year guidance for “slightly higher” net sales and “meaningfully higher” operating income growth in the mid-40% range. “We are on a journey to become a high-performing house of iconic American brands that shape culture,” he said in a statement. “While this will take time, perseverance and rigor, we are excited about the opportunities ahead as we unlock the power of Gap Inc.” Strong Performance Stateside The company's turnaround showed even greater results in the U.S. where some 60% of its stores are located and nearly 90% of sales are generated. Net sales st
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- The Gap, Inc. (NYSE: GPS) was upgraded by analysts at TD Cowen from a "hold" rating to a "buy" rating. They now have a $30.00 price target on the stock, up previously from $28.00.MarketBeat
- Another Nike Veteran Has Exited the Company [Yahoo! Finance]Yahoo! Finance
- Gap (GPS) is a Top-Ranked Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy The Gap (GPS) Stock? [Yahoo! Finance]Yahoo! Finance
GPS
Earnings
- 5/30/24 - Beat
GPS
Sec Filings
- 6/25/24 - Form 4
- 6/12/24 - Form 4
- 6/7/24 - Form SC
- GPS's page on the SEC website