Gap lifts annual sales forecast on Old Navy strength, shares surge

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Annual Sales Forecast News

Old Navy,Annual Sales,Online Sales

Shares of the company surged 15% after the bell as the Banana Republic owner saw strong spring shopping, similar to mall-based retailers like Abercrombie...

-Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel.

Gap's quarterly store sales jumped 3% from a year ago as it has been expanding its store presence, while online sales rose 5% to account for 38% of the total sales. The TFSA is the perfect place to compound wealth over decades. Don't pay any tax on these top five growth stocks with big upside ahead! The post 5 Canadian Stocks to Hold in Your TFSA For Decades appeared first on The Motley Fool Canada.Here are two top dividend stocks long-term investors may certainly want to consider for their yields and growth profiles right now.

 

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