Benzinga
Benzinga
  • 9 hours ago
Gap Inc. surpassed Wall Street projections for earnings per share and revenue in its fiscal third quarter. The retailer increased its annual sales forecast, highlighting better brand performance and a promising holiday season start despite weather challenges. Old Navy's sales growth was impacted by warm weather, while the Gap banner achieved stronger sales and comparable growth through improved marketing and products. Banana Republic focused on improving fundamentals amid mixed sales performance, while Athleta rebounded strongly under new leadership.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gap Incorporated surpassed Wall Street projections for both earnings per share
00:05and revenue in its fiscal third quarter. The retailer increased its annual sales forecast,
00:10highlighting better brand performance and a promising start to the holiday season,
00:13despite weather challenges. Old Navy sales growth was impacted by warm weather,
00:18while the Gap banner achieved stronger sales and comparable growth through improved marketing
00:22and products. Banana Republic focused on improving fundamentals amid mixed sales performance,
00:27while Atleto rebounded strongly under new leadership.
00:30For all things money, visit Benzinga.com slash GSTV.

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