Gap to report Q2 sales growth as the 55-year-old company strives for a comeback

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 74 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 63%

Richard Dickson News

Earnings Per Share,Old Navy,Sales Growth

Gap is in the midst of its turnaround plan.

) is set to post positive sales growth for the second quarter in a row as it attempts to reinvigorate its brands.

CEO Richard Dickson is working on a turnaround of the classic retailer. As part of that, it changed its ticker symbol on the New York Stock Exchange last week. "We are all working against a backdrop of macroeconomic uncertainty," Dickson said to Yahoo Finance, adding that while Gap is maintaining caution about how consumers are tracking, "there's always winners in every space."Morgan Stanley analyst Alex Straton, who has an Overweight rating on shares, sees upside for earnings in the second half of the year, given "incremental confidence" in Dickson's strategy and the turnaround execution.

An early 2024 CNBC poll found that 53% of Americans feel behind on retirement savings. The amount you'll need for retirement will vary based on your spending and goals; however, many financial gurus...No matter what stage you find yourself in with your finances, there's always room for improvement. And there's never been a better time to get on track with your money than now. Check Out: I'm a...Dow Jones futures fell ahead of Nvidia's highly anticipated earnings report.

Leader in Applied GenAI Process Automation Solutions Ensures the Ability to Easily Select, Combine, and Move Between All Types of GenAI ModelsTORONTO, Aug. 28, 2024 -- Fisent Technologies today announced it is the first to deliver an Applied GenAI Process Automation solution that offers full model optionality.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gap between Mag 7, rest of market is 'narrowing' in late 2024As the Russel 2000 index (^RUT) rallied in July, investors braced for a market rotation away from Big Tech and the Magnificent Seven into small-cap stocks...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Salvation Army Thrift Store business booming but donations neededThe Salvation Army needs help to fill a critical gap in donations at its thrift stores.
Source: CTVCalgary - 🏆 26. / 68 Read more »

Gap CEO on why he just made this big symbolic change after 55 years in businessGap makes a big change that sends a clear signal to investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »