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2022-03-04

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Gap Stock Jumped 7% in Premarket Trading

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Analysts were looking for the company to lose 13 cents a share on revenue of $4.49 billion.</p><p>Same-store sales climbed 3% year over year, slightly below the 3.7% consensus estimate, and were up 3% from the prepandemic 2019 period.</p><p>For the full year, Gap expects to earn between $1.85 and $2.05 a share, compared with the average analyst estimate of $1.33.</p><p>Athleta continued to be a standout brand for Gap, with net sales jumping 52% versus 2019. Both its Banana Republic and Gap brands registered sales declines compared with the prepandemic period, falling 11% and 13%, respectively. Old Navy notched a 2% increase in sales, although the company said that supply chain headwinds hurt top-line results. Still, the division recorded more than $9 billion in sales for the year.</p><p>Online sales surged 44% versus 2019 and now account for 43% of Gap’s business.</p><p>Gap has struggled recently—its fiscal third-quarter report missed the mark, and analysts have also grown more cautious. And other mall-based apparel chains didn’t fare well in terms of earnings this week, making Gap’s upbeat results and rosier outlook a welcome win. Short sellers, which account for nearly 15% of the shares outstanding, may also be reconsidering their positions, boosting the stock.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gap Stock Jumped 7% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGap Stock Jumped 7% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-04 17:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Gap stock jumped 7% in premarket trading, after the specialty apparel maker delivered a smaller-than-expected quarterly loss and provided encouraging guidance.</p><p><img src=\"https://static.tigerbbs.com/4ecb2928f6b0273f724ac1765e99a37e\" tg-width=\"841\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p><p>Gap (ticker: GPS) said it lost two cents a share on an adjusted basis in its fiscal fourth-quarter, on revenue that rose 2.3% year over year to $4.53 billion. Analysts were looking for the company to lose 13 cents a share on revenue of $4.49 billion.</p><p>Same-store sales climbed 3% year over year, slightly below the 3.7% consensus estimate, and were up 3% from the prepandemic 2019 period.</p><p>For the full year, Gap expects to earn between $1.85 and $2.05 a share, compared with the average analyst estimate of $1.33.</p><p>Athleta continued to be a standout brand for Gap, with net sales jumping 52% versus 2019. Both its Banana Republic and Gap brands registered sales declines compared with the prepandemic period, falling 11% and 13%, respectively. Old Navy notched a 2% increase in sales, although the company said that supply chain headwinds hurt top-line results. Still, the division recorded more than $9 billion in sales for the year.</p><p>Online sales surged 44% versus 2019 and now account for 43% of Gap’s business.</p><p>Gap has struggled recently—its fiscal third-quarter report missed the mark, and analysts have also grown more cautious. And other mall-based apparel chains didn’t fare well in terms of earnings this week, making Gap’s upbeat results and rosier outlook a welcome win. Short sellers, which account for nearly 15% of the shares outstanding, may also be reconsidering their positions, boosting the stock.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121460784","content_text":"Gap stock jumped 7% in premarket trading, after the specialty apparel maker delivered a smaller-than-expected quarterly loss and provided encouraging guidance.Gap (ticker: GPS) said it lost two cents a share on an adjusted basis in its fiscal fourth-quarter, on revenue that rose 2.3% year over year to $4.53 billion. Analysts were looking for the company to lose 13 cents a share on revenue of $4.49 billion.Same-store sales climbed 3% year over year, slightly below the 3.7% consensus estimate, and were up 3% from the prepandemic 2019 period.For the full year, Gap expects to earn between $1.85 and $2.05 a share, compared with the average analyst estimate of $1.33.Athleta continued to be a standout brand for Gap, with net sales jumping 52% versus 2019. Both its Banana Republic and Gap brands registered sales declines compared with the prepandemic period, falling 11% and 13%, respectively. Old Navy notched a 2% increase in sales, although the company said that supply chain headwinds hurt top-line results. Still, the division recorded more than $9 billion in sales for the year.Online sales surged 44% versus 2019 and now account for 43% of Gap’s business.Gap has struggled recently—its fiscal third-quarter report missed the mark, and analysts have also grown more cautious. And other mall-based apparel chains didn’t fare well in terms of earnings this week, making Gap’s upbeat results and rosier outlook a welcome win. Short sellers, which account for nearly 15% of the shares outstanding, may also be reconsidering their positions, boosting the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9031083802,"gmtCreate":1646385510728,"gmtModify":1676534124518,"author":{"id":"4108469503144480","authorId":"4108469503144480","name":"XRXRXRXR","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4108469503144480","authorIdStr":"4108469503144480"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031083802","repostId":"1121460784","repostType":4,"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}