Gap Inc. reported strong Q1 earnings, beating estimates with revenue of $3.4 billion, leading to a 20% surge in stock price. The company's adjusted EPS was $0.41, with a gross margin of 41.2%. Gap's new leadership and operational discipline have fueled a successful turnaround, with high-profile hirings and revitalized branding efforts. The retailer's stock jumped over 20% as it swung to profit, raised guidance, and showed strong performance, with total revenue reaching $4.8 billion, up 3% YoY. Net income increased by 22% YoY, and shares rose by approximately 23% post-results.
🇺🇸 Gap Inc. turns a corner as all brands notch gains in Q1 https://t.co/xeGb3jwAlQ
🇺🇸 Gap is in ‘early innings of a turnaround’ after earnings beat https://t.co/tGhkQwJnSl
Gap Inc. turned a corner as all its brands notched gains in Q1. Under CEO Richard Dickson, who arrived last August, the apparel retailer is working to improve operational efficiencies as well as brand storytelling. #Gap https://t.co/1nv6xb84Yl
🇺🇸 Gap snaps slump with sales gain https://t.co/Mc8eVgIWJz
Gap surges as apparel maker's turnaround strategy pays off https://t.co/BUAXqOg73K 📈 $GPS +28.73% https://t.co/gXp6Stu3iG
GAP SHARES ARE UP OVER 25% TODAY LMAO $GPS https://t.co/U5r5Aw1g3a https://t.co/yHj44hTF28
Gap up on strong guidance, it's our #ChartOfTheDay. The Investment Committee discuss the retail trade. $GPS $COST $KSS LULU https://t.co/icFINPSBBo
Gap surges as apparel maker's turnaround strategy starts to pay off https://t.co/AnBbhgi1BJ https://t.co/rlGbF6ps9o
Gap $GPS shares have gained over 20% in after-hours trading, after posting a Q1 earnings beat. They also raised their full-year sales and operating income outlook. #Gap #Stocks https://t.co/oKW5MBrJnJ
$GPS (+24.6% pre) Gap Stock Soars On Q1 Earnings Beat, Retailer Raises Guidance Following Strong Performance - BZ https://t.co/NrYVJDsjL9
1/ Gap Inc $GPS Q1 2024 Results: Beats Earnings by ~140% & Beat Revenue expectations by ~3% Total Revenue: $4.8 Bn, up 3% YoY, up 12% QoQ Net income: $215 MM, up 22% YoY, up 16% QoQ Shares were up ~23% after results https://t.co/downeWaYUg
🇺🇸 Gap’s stock jumps 20% as the retailer swings to profit and raises guidance https://t.co/iOyez1PqFd
Heard on the Street: Gap’s new leadership is bringing excitement back to all of the apparel retailer’s brands without sacrificing profitability https://t.co/IYMTSBpKbR
Gap CEO: Operational discipline is fueling a comeback for its long-running brands https://t.co/Mm0Ud3BBro by @BrianSozzi
Through a combination of high-profile hirings and revitalized branding efforts, Gap Inc. has been readying itself for a comeback. In March 2024, both @Gap and @OldNavy enjoyed strong YoY visit growth, far outperforming overall Apparel – likely driven by sales events held by each… https://t.co/f68vpe0iE5
Gap Inc. Q1 Earnings Beat Estimates, Revenue $3.4B, Stock Surges 20%, Adjusted EPS $0.41, Gross Margin 41.2% https://t.co/2GlZzsby9t