Gap’s Earnings Were Strong, but Guidance Fell Short

Gap reported stronger-than-expected earnings, but fell slightly short on sales and provided weaker guidance than anticipated.

barrons.com

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8/24/2023

Gap reports another period of declining sales across all brands, warns of 'uncertain consumer'

Gap reported declining sales across all four of its brands and lowered its current-quarter guidance, citing an "uncertain consumer," with net sales projected to decrease in the low double-digit range for the fiscal third quarter compared to the previous year.