Small-Cap Stocks Reach New Highs Amid Market Rally
Originally Published 3 months ago — by TipRanks
Small-cap stocks GAP, ELF, and OPY have reached record highs, indicating strong performance in this segment of the market.
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Gap to Introduce Beauty Products in Old Navy Stores This Year
Originally Published 4 months ago — by CNBC
Gap is expanding into the beauty and personal-care market by launching products in 150 Old Navy stores later this year, with plans to scale the business next year, as part of a strategic move to capitalize on the fast-growing and resilient beauty industry.
Gap Shares Drop on Tariff Concerns and Profit Warnings
Originally Published 7 months ago — by Investopedia
Gap shares fell sharply after the retailer warned that tariffs would negatively impact profits this year, despite beating quarterly expectations. Key support levels to watch are around $22 and $19, with a major overhead resistance near $29. The decline was driven by profit-taking ahead of earnings and technical resistance at previous peaks, with traders monitoring these levels for future movements.
Stock Market Soars in May Despite Tariff Tensions
Originally Published 7 months ago — by Fortune
The article discusses how President Trump's tariffs are negatively impacting companies like Gap, which estimates a potential $150 million cost increase, leading to a market decline. Despite some companies like Ulta Beauty and Red Robin reporting strong earnings, ongoing tariff uncertainties and political tensions continue to influence investor sentiment and market performance.
Gap Faces Up to $150 Million in Tariff-Related Costs Amid Stock Decline
Originally Published 7 months ago — by CNN
Gap estimates that ongoing tariffs could cost the company between $100 million and $150 million in 2023, leading to a 15% drop in its stock price after hours, though the CEO stated the company does not plan to significantly raise prices for consumers amidst the tariff uncertainties.
Gap's Sales Rise Despite Tariff-Related Cost Concerns
Originally Published 7 months ago — by Yahoo Finance
Gap announced that U.S. tariffs will cost it $250-$300 million but excluded this impact from its forecast, leading to a 16% drop in shares after hours. The company plans to mitigate over half of the tariff costs and maintains its sales and operating income growth forecasts for 2025, despite the tariff-related challenges affecting margins and supply chain costs. Gap's first-quarter revenue exceeded estimates, driven by increased sales at Old Navy and other brands.
Gap Shares Drop Amid Tariff Cost Concerns
Originally Published 7 months ago — by CNBC
Gap's shares dropped over 15% after announcing that new tariffs on imports from China and other countries could cost the company between $250 million and $300 million, though they plan to mitigate this impact by diversifying their supply chain. Despite the tariff concerns, Gap reported better-than-expected first-quarter earnings, with revenue of $3.46 billion and net income of $193 million, and maintained a positive outlook for the year, though some guidance was weaker than expected. The company is focusing on strengthening its brands and reducing reliance on China, with notable performance from its Old Navy and Gap brands.
S&P 500 Futures Rise as Bath & Body Works and Tesla Lead Premarket Gains
Originally Published 1 year ago — by CNBC
Gap, Tesla, and Stellantis are among the stocks experiencing significant premarket movements, indicating potential volatility and investor interest in these companies.
Gap Boosts Annual Outlook Amid Strong Holiday Sales Start
Originally Published 1 year ago — by CNBC
Gap Inc. raised its annual guidance for the third time this year after posting better-than-expected fiscal third-quarter results, despite sales being impacted by hurricanes and warm weather. The company, which owns brands like Old Navy and Banana Republic, now anticipates a 1.5% to 2% increase in fiscal 2024 sales, surpassing analyst expectations. CEO Richard Dickson noted that sales rebounded as weather conditions improved, and the holiday shopping season has started strong. Gap's strategic focus on brand identity and marketing has led to four consecutive quarters of sales growth.
Retail Earnings Surge, But Consumer Comeback Uncertain
Originally Published 1 year ago — by CNBC
Despite strong first-quarter results from retailers like Gap and Foot Locker, the success is attributed to effective execution and strategic changes rather than a broad consumer spending comeback. Shoppers are being more selective due to inflation and economic pressures, prioritizing value and convenience. Gap's turnaround under new leadership and Foot Locker's store redesigns have driven their improved performance. Meanwhile, retailers like American Eagle and Kohl's struggled due to poor execution and missing trends.
Gap's Turnaround Strategy Sparks Surge
Originally Published 1 year ago — by Yahoo Finance
Gap's shares surged 28% after the retailer raised its full-year sales target, reflecting the success of CEO Richard Dickson's strategy to introduce trendier styles and boost marketing. The stock has risen over 37% this year, with the company showing signs of recovery across its brands. Analysts have a "hold" rating on the stock, which is trading at $28.65, with a median price target of $23.
Gap's Strategic Turnaround Boosts Sales and Stock
Originally Published 1 year ago — by Yahoo Finance
Gap's first quarter sales surged across all four of its brands, driven by innovative marketing strategies and value pricing. CEO Richard Dickson emphasized that while the company is pleased with the progress, it views the journey as a marathon rather than a sprint. Dana Telsey of Telsey Advisory Group highlighted that compelling marketing and new products are resonating with cautious consumers, a trend also seen in other brands like Birkenstock and Abercrombie & Fitch.
Top Stock Movers Today: Dell, Gap, MongoDB, and More
Originally Published 1 year ago — by CNBC
Stocks making significant moves in premarket trading include Dell Technologies, Ulta Beauty, Ambarella, and Gap.
"Gap and Zscaler Rise, Dell and MongoDB Fall in Mixed Market"
Originally Published 1 year ago — by Investing.com
U.S. stock futures declined on Friday despite in-line inflation data for April, as disappointing earnings from major tech companies weighed on sentiment. Dell Technologies fell 21% due to a lower-than-expected earnings outlook, while MongoDB dropped 25% after issuing light guidance. Gap surged 25% on raising its full-year sales forecast, and Zscaler rose 6% following strong quarterly earnings. Other notable movers included Nordstrom, Trump Media & Technology Group, Marvell, Costco, Ambarella, Flutter Entertainment, Caesars Entertainment, Veeva Systems, and SentinelOne.
Gap's Turnaround: Operational Discipline and New Styles Drive 20% Surge
Originally Published 1 year ago — by Yahoo Finance
Gap's latest earnings report shows significant improvement under CEO Richard Dickson, with a 24% surge in shares. The company has cut slow-moving inventory, reset styles, and improved marketing, leading to margin expansion and positive comparable sales across all brands for the first time in years. Key hires and operational discipline are driving the turnaround, with net sales up 3% year over year and a strong cash position.