3 Takeaways From Gap's Q2 Earnings

Clothing retailer Gap (NYSE: GPS) reported second-quarter earnings late last week which included a per share of a loss of $0.17 on revenue of $3.3 billion, beating consensus projections of a loss of $0.41 on revenue of $2.9 billion. Revenue was down 18% year over year, hurt by a period of store closures in the quarter that were related to the COVID-19 pandemic. Revenue strength in digital sales, as well as the Athleta and Old Navy brands helped offset some of the overall sales drop.

Here are three takeaways from the second-quarter report and what it might say about the stock as an investment.

Image source: Gap.

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Source Fool.com