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Gap Surpasses Earnings Expectations with Strong Q3 Performance

Gap Surpasses Earnings Expectations with Strong Q3 Performance

Author:

Global Cryptocurrency

Published:

2025-11-21 01:04:02

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BTCCSquare news:

Gap Inc. delivered a robust fiscal third quarter, exceeding Wall Street projections on both revenue and earnings. The apparel retailer posted EPS of $0.62 against a $0.59 consensus, with revenue reaching $3.94 billion versus $3.91 billion estimates. A viral "Better in Denim" campaign featuring K-pop group Katseye drove a 5% comparable sales growth—the strongest since 2017's holiday quarter.

Management raised full-year guidance, anticipating sales at the high end of its 1.7%-2% growth range and operating margins NEAR 7.2%. The company's portfolio brands—Old Navy, Athleta, and Banana Republic—marked seven consecutive quarters of positive comps, signaling sustained momentum in profitability initiatives.

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