Core Insights - Gap, Inc. reported third-quarter earnings that exceeded analyst expectations, with earnings of 62 cents per share compared to the estimated 59 cents [2][4] - The company's quarterly revenue reached $3.94 billion, surpassing the analyst consensus estimate of $3.91 billion [2][5] Segment Performance - Old Navy achieved third-quarter net sales of $2.3 billion, reflecting a 5% increase year-over-year, with comparable sales up 6% [6] - Gap's third-quarter net sales were $951 million, a 6% increase from the previous year, with comparable sales rising 7%, marking the eighth consecutive quarter of positive comparable sales [6] - Banana Republic reported third-quarter net sales of $464 million, down 1% year-over-year, but with comparable sales up 4% [6] Future Outlook - The company raised its fiscal 2025 revenue outlook to a range of $15.36 billion to $15.4 billion, compared to the previous estimate of $15.32 billion [5]
Gap Stock Steps Up After Q3 Earnings Beat Estimates: Details