Gap Inc. (GPS) Gaps Lower Post Earnings

Gap Inc. (GPS) stock price is under pressure today. Shares are down after Gap announced their earnings report with a leadership shakeup, as well as different ways that they are restructuring. Gap’s brands include Banana Republic, Old Navy, and Athleta. “These brands are suffering on a secular level. Gap missed on EPS and revenue on their earnings call. For the full year, the retailer’s sales were down 6%. The GPS stock has given up all its gains from the past six months,” says George Tsilis.

Next Gen Investing

10 Mar 2023

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