Gap strengthens thanks to successful start of the holiday season
- Stock Rising: $GAP shares are up 13% on a positive outlook for the full year and a strong start to the holiday season.
- Exceeded expectationsEarnings per share reached 72 cents, beating estimates of 58 cents.
- Revenuedespite challenges: Revenue $GAP rose to $3.83 billion, despite the effects of hurricanes and warm weather.
- Successful guidance: Under CEO Dickson's leadership, sales grew for four consecutive quarters due to improved strategy and marketing.