Gap (NYSE: GPS) has reported its Q4 results, where comparable store sales were flat y/y. Notably, though the online sales were up 49% y/y. Banana Republic was the worst performing brand for the company with a 27% drop during the quarter whereas Athleta was the best performing brand with a 29% growth in sales during the same period. Gap is expecting FY22 revenue growth of 15-18% and EPS of $1.20 to $1.35 vs. $1.31 consensus.
While GPS stock could trade lower post Q4 release, 2020 has created many pricing discontinuities that can offer attractive trading opportunities. For example, you’ll be surprised how counter-intuitive the stock valuation is for TJX vs Abiomed
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