Company Of The Day: Gap

August 27th, 2021 by Trefis Team
-3.20%
Downside
21.88
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. Does Gap Stock Have More Room To Run After Rising 67% This Year?
  2. Gap Q2 Earnings: What Are We Watching?
  3. Gap Stock Has Upside Potential To Its Pre-Inflation Peak
  4. Gap’s Stock Looks Expensive At $14
  5. Will Gap Stock Trade Lower Post Q3 Results?
  6. Gap’s Q2 Earnings Preview: What Are We Watching?

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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