Gap Stock Soars On Q1 Earnings Beat, Retailer Raises Guidance Following Strong Performance - Gap...

Published on 30 May 2024 on Benzinga

Gap Stock Soars On Q1 Earnings Beat, Retailer Raises Guidance Following Strong Performance - Gap...

Gap Inc GPS shares are rising in extended trading Thursday on the heels of the company’s first-quarter financial results.

Comparable sales were up 3% year-over-year. Store sales were up 3%, while online sales jumped 5%. Merchandise margin increased 340 basis points compared to the prior year.

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NYSE.GPS price evolution

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Gap Stock Soars On Q1 Earnings Beat, Retailer Raises Guidance Following Strong Performance - Gap...

NYSE.GPS price evolution

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