• last month
Gap Inc. surpassed Wall Street projections for earnings per share and revenue in its fiscal third quarter. The retailer increased its annual sales forecast, highlighting better brand performance and a promising holiday season start despite weather challenges. Old Navy's sales growth was impacted by warm weather, while the Gap banner achieved stronger sales and comparable growth through improved marketing and products. Banana Republic focused on improving fundamentals amid mixed sales performance, while Athleta rebounded strongly under new leadership.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gap Incorporated surpassed Wall Street projections for both earnings per share
00:05and revenue in its fiscal third quarter. The retailer increased its annual sales forecast,
00:10highlighting better brand performance and a promising start to the holiday season,
00:13despite weather challenges. Old Navy sales growth was impacted by warm weather,
00:18while the Gap banner achieved stronger sales and comparable growth through improved marketing
00:22and products. Banana Republic focused on improving fundamentals amid mixed sales performance,
00:27while Atleto rebounded strongly under new leadership.
00:30For all things money, visit Benzinga.com slash GSTV.

Recommended

0:42
I
Up next
Abercrombie Posts Sixth Straight Quarter Of Double-Digit Growth. Holiday Outlook Outpaces Analyst Projections.
Benzinga
0:42
Nordstrom Tops Quarterly Sales Expectations, Projects Conservative Full-Year Forecast
Benzinga
0:37
Target Raises Profit Guidance After Q2 Growth, Credits New Merchandise and Loyalty Programs
Benzinga
0:32
Walmart Raises Full-Year Forecast Amid Early Holiday Shopping Surge
Benzinga
0:43
Target Misses Q3 Earnings and Revenue, Cuts Full-Year Profit Guidance Despite Price Cuts on 10,000 Items to Attract More Shoppers
Benzinga
0:36
Lowe’s Tops Q3 Wall Street Estimates For Earnings And Revenue
Benzinga
0:42
Home Depot's Q3 Sales Beat Expectations, Boosted by Hurricane Repairs and Weather. CFO Highlights That Consumers Are Still Deferring Projects.
Benzinga
0:37
TJX Shares Drop Despite Strong Start To Holiday Season. CEO Lauds TJX’s Appeal To Wide Audience As Comparable Sales See Continued Gains.
Benzinga
0:40
Lowe's Cuts Full-Year Outlook Amid Slump in DIY Sales, Cites Weather and Economy for Low Second Quarter Performance
Benzinga
0:35
Restaurant Brands Q3 Earnings Miss Wall Street Estimates. Burger King, Firehouse Subs, And Popeyes See Sales Declines
Benzinga
0:45
Target Shares Fall to 52-Week Low While Walmart Hits All-Time High in Diverging Earnings Reports
Benzinga
0:39
Lululemon Misses Revenue Target for First Time in Two Years Amid Botched Launch. CEO Defends Brand's Strength
Benzinga
0:39
Target Beats Q2 Earnings Forecast, but Weak Sales Prompt Guidance Downgrade"
Benzinga
0:36
American Eagle's First-Quarter Net Income Quadruples, but Revenue Growth Falls Short of Expectations
Benzinga
0:37
Lowe's Beats Expectations, But Warns of Slower Sales Ahead
Benzinga
0:32
Ulta Beats Q3 Forecasts, Raises Full-Year Sales Outlook. CEO Highlights Digital Tools And New Brands.
Benzinga
0:31
Cava Sees Stock Surge 7% Amid Impressive Q2 Results.
Benzinga
0:40
Victoria's Secret Boosts Annual Outlook After Beating Revenue Projections
Benzinga
0:35
Foot Locker's 'Lace Up Plan' Boosts Performance, Sales Surge After Six Quarters of Decline.
Benzinga
0:51
Retail sales in the UK increased last month, according to ONS
Yorkshire Post
0:37
Dollar General Shares Dive 25% After Slashing Sales Outlook, Cites Struggles Among Its Lower-Income Customers
Benzinga
0:32
Lululemon Exceeds Q3 Estimates, CEO Expresses Caution For Shorter Holiday Season
Benzinga
0:37
Intuit Shares Drop 6% After Revenue Forecast Misses Expectations Amid Delayed Sales
Benzinga
0:38
Retailers Brace For Uncertain Holiday Season As Weather, Election May Deter Consumers
Benzinga
0:54
JD Sports Fashion reports higher global sales after opening 85 new stores
Yorkshire Post