Gap tried to temper expectations for its quarterly results. Wall Street was still disappointed.

Dow Jones
08/29

MW Gap tried to temper expectations for its quarterly results. Wall Street was still disappointed.

By Bill Peters

Same-store sales growth of 1% came in below expectations

Shares of Gap Inc. slid after hours on Thursday after the clothing retailer reported second-quarter sales trends and a third-quarter forecast that disappointed Wall Street.

The results follow subdued expectations for the quarter, as the company searches for stronger gains at its Banana Republic and Athleta stores, and as other chains - such as Urban Outfitters Inc. $(URBN)$ and department-store chain Kohl's Corp. $(KSS)$ - have shown signs of turning things around.

Shares of Gap (GAP,) which also owns Old Navy, were down 6.5% after hours.

Gap reported $3.725 billion in sales for the quarter, compared with Wall Street's expectations for $3.733 billion. Same-store sales rose 1%, below analyst estimates for a 2% gain. Earnings of 57 cents a share topped forecasts for 55 cents.

The company said it expects third-quarter sales growth of 1.5% to 2.5, roughly in line with FactSet estimates. Gap stuck with its full-year outlook. Management said the forecasts included the estimated impact of the latest tariff rates, which have threatened to raise prices on already inflation-weary consumers.

-Bill Peters

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

August 28, 2025 16:43 ET (20:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10