Company Of The Day: Gap

-7.71%
Downside
22.95
Market
21.18
Trefis
GPS: Gap logo
GPS
Gap

What?

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.

Why?

Relevant Articles
  1. With The Stock Almost Flat This Year, Will Q1 Results Drive Gap’s Stock Higher?
  2. Gap Stock Almost Flat This Year, What’s Next?
  3. Does Gap Stock Have More Room To Run After Rising 67% This Year?
  4. Gap Q2 Earnings: What Are We Watching?
  5. Gap Stock Has Upside Potential To Its Pre-Inflation Peak
  6. Gap’s Stock Looks Expensive At $14

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.

So What?

Gap stock surged by about 7% in after-hours trading on Thursday.

See Our Complete Analysis For Gap

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