Gap (NYSE:GPS) posted a stronger than expected set of Q2 results, with revenue up 29% compared to 2020 and 5% above Q2 2019 levels to about $4.21 billion. Net income stood at $258 million.
Growth was driven by the easing of Covid-19 restrictions in the U.S. and the strong performance of the company’s Old Navy and Athleta brands.
Gap stock surged by about 7% in after-hours trading on Thursday.
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