Reported 4 months ago
Gap (GPS) reported first-quarter earnings that surpassed Wall Street estimates, with earnings per share at $0.41 compared to the expected $0.13, and net sales of $3.4 billion exceeding the expected $3.28 billion. All of Gap's brands reported better-than-expected same-store sales results, leading the retailer to raise its full-year sales and operating income outlook. CEO Richard Dixon's turnaround efforts seem to be showing positive results, with the stock price reflecting a strong performance despite a previously lackluster year-to-date performance.
Source: YAHOO