The Gap, Inc. (GAP) reported third-quarter fiscal 2024 results, wherein the bottom and top lines surpassed the Zacks Consensus Estimate and grew year over year. 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 ...

Shares of The Gap, Inc. (NYSE: GAP ) jumped 8% on Friday after the company reported strong quarterly results ahead of the important holiday shopping season. Shares are now up 26% over the past year, though there has been significant volatilityOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me ...

KEY TAKEAWAYSShares of The Gap are surging in premarket trading Friday after the apparel retailer reported stronger-than-expected third-quarter results and boosted its full-year sales outlook.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 ...

Key TakeawaysGap shares soared in extended trading Thursday after the apparel retailer reported stronger-than-expected third-quarter results and raised its sales outlook.The shares look set to stage a decisive breakout above a descending triangle following the company’s strong earnings report, potentially leading to a continuation of the stock's uptrend.Investors should track key overhead price levels on Gap's chart around $27, $36, and $52, while monitoring a crucial support area near $20. Gap (GAP) shares ...

Gap (GAP) reported $3.83 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 1.7%. EPS of $0.72 for the same period compares to $0.59 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of +0.87%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being $0.56.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Gap (GAP) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this clothing chain would post earnings of $0.39 per share when it actually produced earnings of $0.54, delivering a surprise of 38.46%.Over the last four quarters, the company has su ...

Exhibit 99.1 GAP INC. Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO – November 21, 2024 – Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands inclu ...

People walk past an Old Navy store on Fulton Street on April 11, 2024 in Downtown Brooklyn in New York City.Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better than expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales to be up between 1.5% and 2%, compared to previous guidance of "up ...

Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last yearMarket share gains across all brands in the quarterRaises outlook for fiscal 2024 net sales, gross margin and operating income growthSAN FRANCISCO, Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its th ...

Key TakeawaysThe Gap is set to report third-quarter earnings after the closing bell on Thursday.A majority of analysts tracked by Visible Alpha have a buy rating for the company's stock.Last quarter, the retailer beat expectations and raised guidance based on higher sales at its Gap and Old Navy stores. Analysts are looking for modest revenue growth and a drop in EPS. The Gap (GAP) will report third-quarter earnings after the market closes on Thursday, and analysts are predominantly bullish on the clothes r ...