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0.000211416490486216 0.000422832980972432 0.00523890063424943 -0.00132346723044404 0.00338266384778005 -0.0033826638477802 -0.00359408033826642 0.00584355179704007
Stock impact report

Gap revival crystallizes as sales jump 8% in Q4 [Yahoo! Finance]

Gap, Inc. (The) (GAP) 
US:NYSE Investor Relations: greatatlanticinc.com
Company Research Source: Yahoo! Finance
This story was originally published on Retail Dive . To receive daily news and insights, subscribe to our free daily Retail Dive newsletter Dive Brief: Gap Inc. reported that Q4 net sales rose 2% year over year to $ 4.2 billion, with store sales flat and e-commerce up 5%. Comps rose 3%. Gross margin shrank by 80 basis points from a year ago. Tariffs siphoned 200 basis points from merchandise margins, which shrank by 90 basis points. Net income fell nearly 17% to $171 million. By brand in Q4: Old Navy net sales rose 3% to $2.3 billion, with comps up 3%; Gap rose 8% to $1.1 billion, with comps up 7%; Banana Republic net sales rose 1% to $549 million, with comps up 4%; and Athleta net sales fell 11% to $354 million, with comps down 10% Dive Insight: Gap's top three brands — Old Navy, namesake Gap and Banana Republic — are enjoying some momentum, but its activewear Athleta brand continues to lag. The holiday quarter was challenged further by what executives said were “expansi Show less Read more
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