Shares of clothing and accessories retailer Gap (NYSEGAP)
jumped 18.9% in the pre-market session after the company reported impressive fourth quarter results that beat analysts' revenue and EPS expectations. What drove shares up was the full-year guidance for operating profit growth. The company called for 8-10% growth, which was well above expectations. While store closures continued as part of its optimization strategy, growth in online sales and improved operating efficiency should help sustain profitability. Overall, this was a strong quarter, with the company positioning itself for solid earnings growth.
Clothing and accessories retailer Gap (NYSEGAP) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 3.5% year on year to $4.15 billion. On the other hand, next quarter’s revenue guidance of $3.39 billion was less impressive, coming in 1.4% below analysts’ estimates. Its GAAP profit of $0.54 per share was 43.4% above analysts’ consensus estimates.
The regular session of the US market on Thursday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel retailer industry, including Gap (NYSEGAP) and its peers.
Looking back on apparel retailer stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including American Eagle (NYSEAEO) and its peers.
While the S&P 500 is up 16.8% since August 2024, Gap (currently trading at $22.90 per share) has lagged behind, posting a return of 10.9%. This might have investors contemplating their next move.
Consider GAP INC/THE as a top value stock. NYSE:GAP shines in terms of profitability, solvency, and liquidity, all while remaining very reasonably priced.
