Company Of The Day: 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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