Reported about 1 month ago
Gap exceeded Wall Street estimates for the second quarter, driven by strong sales in its Old Navy and Gap brands as consumers sought trendy apparel. The company's net sales rose 5% to $3.72 billion, surpassing forecasts. Following a brief early announcement of its results due to an administrative error, shares closed up nearly 2%. Gap continues its brand recovery strategy under CEO Richard Dickson, with an emphasis on fresh styles and better management across its brands.
Source: YAHOO