Gap's Strong Q3 Boosts Stock, Holiday Outlook

Gaps stock surged as the clothing retailer reported better-than-expected earnings and revenue, driven by strong demand at its main Gap brand stores. The company raised its financial outlook for the year, with adjusted earnings per share of sixty-two cents and revenue climbing three percent. Gaps stock rose by about five percent, and the company anticipates its fiscal year sales to increase between one point seven and two percent.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.