Gap Outperforms as EPS Surges by 10.2%

The apparel giant surpassed earnings expectations in fiscal Q4 2024 despite facing some sales challenges and macroeconomic headwinds.Gap (GAP -1.81%), operator of fashion-forward chains including Old Navy, Banana Republic, Athleta, and its eponymous Gap, released its fiscal fourth-quarter results on March 6. The standout metric in the report was earnings per share, which hit $0.54. That substantially beat Wall Street's prediction of$0.38. However, total revenue fell 3% year over year, landing at $4.15 bill ...