Gap shares pop 15% as earnings beat on sales growth at all four brands

Gap beat quarterly estimates on the top and bottom lines, leading it to raise its full-year guidance.

The retailer behind Gap, Banana Republic, Athleta and Old Navy blew past earnings estimates and beat on revenue, too. "We're feeling very confident about our quarter and it has given us the confidence to raise our guidance for full year 2024, both the outlook for revenue and operating margin … It continues, if you will, to really demonstrate our confidence that our priorities are really taking shape," he added. "The culture is being energized and we're delivering what we said we were going to deliver to our shareholders.

Dickson, who took the helm of Gap in late August, is a marketing guru who has been working to reinvigorate the company's portfolio of brands. His work has focused on brand storytelling and positioning names like Gap and Old Navy back into the center of culture.Earlier this month, actress Da'Vine Joy Randolph wore a denim ball gown designed by Gap's new creative director, Zac Posen, to the Met Gala.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staffPeloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Peloton CEO Barry McCarthy steps down, company cuts 15% of staffThe connected fitness company will also cut 15% of its workforce.
Fuente: axios - 🏆 302. / 63 Leer más »

Peloton CEO to step down, company will cut 15% of global workforcePeloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just over two years in the role, the company announced Thursday.
Fuente: FoxBusiness - 🏆 458. / 53 Leer más »

Peloton CEO steps down as company slashes 15% of global workforceRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Fuente: 10News - 🏆 732. / 50 Leer más »