Jim Cramer Says Gap “Has Been Taking Some Time to Turn Itself Around Under CEO Richard Dickson”

Group 1 - The Gap, Inc. reported a strong quarterly performance, beating earnings expectations by 3 cents with earnings of 59 cents per share and higher-than-expected revenue [1] - The company achieved a 5% growth in same-store sales, surpassing analysts' expectations of 3.1% [1] - Management raised the full-year forecast for both revenue growth and operating margin, contributing to a positive market reaction with the stock rising in after-hours trading [1] Group 2 - The Gap, Inc. operates in the apparel, accessories, and personal care market, with brands including Old Navy, Gap, Banana Republic, and Athleta [2]