GPS Stock Recent News

The headline numbers for Gap (GPS) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Gap (GPS) — the parent company of other clothing outlets Banana Republic, Old Navy, and Athleta — shares are getting a bump up after the market close on the retailer's rather fashionable first-quarter results: net sales of $3.4 billion (expected $3.28 billion) and earnings of $0.41 per share (expected $0.13 per share). Yahoo Finance Executive Editor Brian Sozzi interviews Gap CEO and President Richard Dickson, covering the fashion staple's inventory progress and sales synchronicity across its brands.

Gap (GPS) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.01 per share a year ago.

The company posted higher quarterly sales in an early sign that its new leader's plan for turning around the beleaguered retailer is starting to pay off.

The company also raised guidance for fiscal 2024.

Gap Inc. shares rallied more than 20% in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors' expectations, raised its guidance for the year and pared down its inventory.

Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel.

Net sales increased 3% versus last year with market share gains for the 5th consecutive quarter  Comparable sales were positive at all four brands in the portfolio Operating margin expansion reflects improvement in gross margin and operating expense SAN FRANCISCO , May 30, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its first quarter ended May 4, 2024. "Gap Inc. delivered a strong quarter that exceeded expectations across key metrics.

Clothing retailer Gap Inc  ( NYSE:GPS) will step into the earnings confessional after the close today.

Gap (GPS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.