Company Of The Day: Gap

GPS: Gap logo
GPS
Gap

What?

Gap (NYSE:GPS) posted a weaker than expected set of Q3 results and cut its revenue growth outlook for the full year to 20%, down from its previous estimate of 30%.

Why?

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Gap faces meaningful supply chain challenges, amid factory closures in Vietnam and constraints with shipping capacity.

So What?

Gap stock declined by almost 16% in after-hours trading on Tuesday.

See Our Complete Analysis For Gap

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