GAP Widens in Price Despite Missing Sales Estimate. Kanye We

GAP Widens in Price Despite Missing Sales Estimate. Kanye West 'Very Focused' on 'Yeezy GAP' Collaboration | GAP Widens in Price Despite Missing Sales Estimate. Kanye West 'Very Focused' on 'Yeezy GAP' CollaborationFinancial Buzz


Shares of
GAP Inc. (NYSE: GPS) are up roughly 7% today at USD 27.26 despite coming up short on their 4th quarter sales estimate. The Clothing Retailer’s net sales are down 5.3% following the closure of 228 of their brick and mortar stores due to global pandemic restrictions, though GAP’s online sales are up 49% this past quarter. The Company reported a net profit of USD 234 million and an EPS (Earnings Per Share) of 28 cents a share compared to an estimated 17 cents. “COVID-19 presented the biggest crisis our company or industry has ever faced, and alongside our employees, our customers, our communities and the rest of the world we faced challenges that defined a new path for every one of us”, said GAP CEO Sonia Syngal.

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