Reported 2 days ago
Gap announced that it anticipates tariff-related costs of up to $300 million due to U.S. tariffs, excluding this impact from its financial forecasts, leading to a nearly 16% drop in its stock during pre-market trading. The company projects sales growth of 1% to 2% for 2025 while reaffirming a strong performance driven by renewed customer interest, despite the pressures from tariffs affecting its supply chain and profit margins.
Source: YAHOO