Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power
Gap has been in the midst of a turnaround under CEO Richard Dickson and has blown away Wall Street expectations for four quarters in a row.
Gap CEO unpacks blowout quarter: ‘The progress is real'
Gap CEO Richard Dickson described the apparel company's most recent quarter, which impressed Wall Street and indicates the company is maintaining its turnaround. Shares shot up more than 17% in extended trading. Along with its namesake brand, Gap owns Old Navy, Banana Republic and Athleta.
Gap’s Winning Look: Celebrity Moments and a Tight Belt
Creative leadership looks good on Gap. It looks even better with a tight belt on. The clothing company, which also owns Old Navy and Banana Republic, posted some impressive results. Its namesake brand’s comparable sales rose 7% last quarter from a year earlier,
Gap Shares Jump on Strong Sales Across Most Brands
Gap Inc. soared after strong quarterly sales showed that Chief Executive Officer Richard Dickson’s turnaround playbook is working.The retailer exceeded analyst estimates for comparable sales, led by better-than-expected results at the namesake brand,
Gap Beats Wall Street Expectations Thanks to Holiday-Season Sales
The San Francisco apparel company behind Old Navy, Banana Republic and its namesake brand posted sales and a profit ahead of Wall Street expectations while growing its same-store sales for the period ended Feb.
Gap beats quarterly sales, profit estimates on strong holiday quarter
Gap beat fourth-quarter sales and profit estimates on Thursday, as CEO Richard Dickson's turnaround strategy helped attract customers to its apparel brands including Old Navy and Banana Republic during the holiday quarter.
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Old Navy, Gap lead comeback as Athleta drags
Ending the year with a holiday performance that beat expectations, Gap Inc. gained market share for the eighth straight quarter.
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EXEC: Athleta’s Parent Outlines Path to Reinvigorate the Brand After Tough Q4
Richard Dickson, President and CEO, Gap, Inc., told the participants on the company’s Q4 conference call with analysts that Athleta stabilized revenue for the full year, delivering a flat comp and improvements across several key metrics.
Old Navy Targets Activewear With Innovation
The StudioSmooth collection was introduced Tuesday online and in all Old Navy stores, with 10 women’s styles including leggings, bras, tops, a skort, biker shorts, athletic dress and full zips. Prices range from $24.99 to $59.99.