THE GAP STORES (GPS)
EARNINGS RELEASE - AUGUST 27 (AMC)
THIS QTR: EPS: -.41/share REV: 2,910/M
NEXT QTR: EPS: .20/share REV: 3,630/M
FULL YR: EPS: -2.40/share REV: 13,060/M
LAST QTR: EPS: -.67/share ACTUAL: -2.51/share (MISS)
BEAT/MISS RECORD: 64% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -8.07, 12.81, 4.88
EXPECTED JUMP MOVE THIS QUARTER: 6-10%
*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Gap Inc. (GPS) the largest apparel company in the U.S., used its 2020 investor day to lay out a strategy for growth, a plan that will rely heavily on Gap and Banana Republic store closures and the Athleta brand. Now the company says it will close 350 Gap and Banana Republic stores in North America between fiscal 2019 and fiscal 2023. Many of the closures will come as leases expire, and the company will use the closures to move away from malls, many of which had been struggling even before the coronavirus pandemic.
Gap (GPS) cheers customers with inclusivity in apparel sizes, in sync with the body positivity movement. Notably, 70% of Athleta products will be available in up to 3x sizes from this spring.
Gap Inc.’s Athleta brand has expanded its size range to 1X to 3X, or sizes 18 to 26, across 350 styles in its collection.
Athleta (NYSE: GPS) announced today the expansion of extended sizing (“1X-3X” or sizes 18-26) to 350 styles across its collection. For Spring 2021, 70% of the Athleta collection will be available in sizes 1X-3X.
Strength in Old Navy and Athleta brands, along with expanded omnichannel services, are likely to aid Gap (GPS) in the near term, despite pandemic-related cost and traffic woes.
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