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Gap shares plummet on revised tariff impact expectations
GapGap(US:GPS) CNBC Televisionยท2025-08-28 20:55

Hi John. Yeah, so GAP earnings uh are out and it does look like shares are moving all over the place here. So for the quarter, GAP putting up an earnings beat of 57 cents.A street was looking for 55 cents. So that's a beat. Revenues missing slightly at 3.73% billion.The street was looking for 3.74% billion. Comparable sales, they did grow 1%, but that is about half of what the street was looking for. If you break down by brand, Banana Republic very strong, much more than expected at 4%.The street was lookin ...