Gap Inc. showed further signs of turning itself around, on Thursday reporting a big leap in sales at Old Navy and a solid bottom-line for the second quarter ended Aug. 3. Net income rose to $206 million, or diluted earnings per share of 54 cents, compared to $116 million, or 32 cents per share, in the year-ago period. Net … Read more
At Gap Inc., the stock is trading near its 52-week high, guidance for 2024 earnings was raised and the outlook is positive — and that’s largely due to the retail conglomerate’s biggest brand, Old Navy. “It’s been a pretty good run — three consecutive quarters of strong top line and bottom line performance, but really … Read more
Gap Inc., showing some positive signs of life at Gap and Old Navy, swung into the black during the fourth quarter. Net income for the fourth quarter ended Feb. 3 reached $185 million, or 50 cents per diluted share, compared to a loss of $273 million, or 75 cents per share in the year-ago quarter. … Read more
