Gap Inc. (The) exceeded Wall Street expectations in its fiscal fourth quarter, signaling strong momentum under CEO Richard Dickson. The parent company of Old Navy, Banana Republic, Athleta, and its namesake brand saw earnings, revenue, and comparable sales all exceeded Wall Street expectations.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gap Inc. exceeded Wall Street expectation in its fiscal fourth quarter,
00:06signaling strong momentum under CEO Richard Dixon.
00:08The parent company of Old Navy, Banana Republic, Atleta, and its namesake brand
00:12saw earnings revenue and comparable sales all exceeded Wall Street expectations.
00:17Gap expects modest sales growth for the next year, aligning with Wall Street projections.
00:22Its outlook for the current quarter is weaker than anticipated,
00:25with sales expected to remain flat or rise slightly.
00:28For all things money, visit Benzinga.com slash GSTV.