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Old Navy and Athleta Power Gap's Growth

TheMotleyFool

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Gap's (NYSE: GPS) comeback took another step forward last quarter. The iconic retailer posted strong sales and solid earnings, despite the continuing impact of the COVID-19 pandemic.

That said, only two of the company's four brands are pulling their weight: Old Navy and Athleta. With Gap stock trading near a multiyear high, this could be a good time for shareholders to take some money off the table.

Last quarter, Gap's net sales nearly doubled year over year to $4 billion. More significantly, the apparel giant surpassed its Q1 2019 sales total of $3.7 billion by 8%.

Source Fool.com

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