Reported 2 days ago
Gap's stock surged 17% in premarket trading following the company's better-than-expected earnings report and optimistic projections for the year ahead, despite challenges from tariffs and weather disruptions. CEO Richard Dickson noted that less than 10% of their products are sourced from China, easing concerns about tariff impacts. The company's strong performance was attributed to successful marketing strategies and product improvements within its divisions, boding well for future sales growth.
Source: YAHOO