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Stock impact report

Gap comparable sales surge after viral ‘Milkshake' denim ad with Katseye [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
CEO Richard Dickson told CNBC economic data points might point to consumer pressure, but the company's customers are still shopping. Gap's athleisure brand Athleta was an eyesore for the quarter, with sales down 11%. In this article Shoppers walk past a GAP fashion retail store on Oxford Street on October 30, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Apparel retailer Gap said Thursday its comparable sales rose 5% during the fiscal third quarter, driven by strong revenue at its namesake brand after its viral “Better in Denim” campaign with girl group Katseye. Putting aside pandemic-related spikes , the rise in comparable sales is the strongest growth for Gap since its fiscal 2017 holiday quarter and is well ahead of Wall Street expectations of 3.1%, according to StreetAccount. In an interview with CNBC, CEO Richard Dickson said the company hasn't needed to discount as often to sell products, it's winning customers from all income coho Show less Read more
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