MW Gap's holiday quarter was a big win. Here's what's working for the retailer.
By Claudia Assis
Gap's stock rallies nearly 20% after hours
Gap Inc. shares rose more than 18% in the extended session Thursday after the retailer reported a holiday-quarter profit that was head and shoulders above Wall Street's expectations, and it spoke of a "reinvigoration" of its brands and guided for better sales this year.
Gap's $(GAP)$ per-share profit came in at 54 cents a share, compared with FactSet consensus for 36 cents a share.
The company reported net sales of $4.1 billion for the fourth quarter, down 3% compared with last year's fourth quarter but including a negative impact from a calendar shift that meant that 2024 had one fewer week than the previous year.
Sales hit $15.1 billion for all of 2024, up 1% compared to the prior year. Gap also guided for a 1% to 2% boost for its 2025 sales, which would compare with Wall Street expectations for a flat year for revenue.
This is a developing story. It will be updated.
-Claudia Assis
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March 06, 2025 16:39 ET (21:39 GMT)
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