Gap Stock Soars On Better-Than-Expected Q3 Results, Raised FY Guidance: Details

Gap, Inc. (NYSE:GAP) reported its third-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.

The Details: Gap reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 57 cents. Quarterly revenue came in at $3.82 billion, which beat the consensus estimate of $3.81 billion and is an increase over sales of $3.76 billion from the same period last year.

• Net sales increased 2% versus last year with comparable sales up 1%.
• Operating margin of 9.3% improved 270 basis points versus last year.
• Market share gains across all brands in the quarter.
• Gross margin of 42.7% increased 140 basis points versus last ...

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