Reported about 1 month ago
Gap Inc. reported a 5% growth in Q2 revenue to $3.72 billion, exceeding expectations, while adjusted earnings per share rose to $0.54. The retailer's same-store sales jumped 3%, indicating a positive response to revitalization efforts. Despite global economic uncertainties, Gap's stock climbed 2% post-trading resumption after an administrative error led to a temporary halt. CEO Dickson remains cautiously optimistic about future growth amidst challenges faced by middle-income consumers.
Source: YAHOO