Gap (GPS) — the parent company of other clothing outlets Banana Republic, Old Navy, and Athleta — shares are getting a bump up after the market close on the retailer’s rather fashionable first-quarter results: net sales of $3.4 billion (expected $3.28 billion) and earnings of $0.41 per share (expected $0.13 per share).
Yahoo Finance Executive Editor Brian Sozzi interviews Gap CEO and President Richard Dickson, covering the fashion staple’s inventory progress and sales synchronicity across its brands.
"The first focus of our business is maintaining and building upon the financial and operational rigor that we have started to demonstrate that’s really showing up over the last year and ultimately really showing up in our numbers. It’s just about a much more disciplined approach to running the business," Dickson says. "It’s allowing us to start to really dial up our reinvigoration strategies. We’re strengthening the operating platform, supply chain, technology, culture, media, marketing, and ultimately energizing our culture. So it’s not a silver bullet."
Dickson calls the flagship Gap brand a "pop culture brand" due to its appearances at high-brow red-carpet events and gives a sample of his plans for Old Navy.
Also catch Brian Sozzi’s full interview with Abercrombie & Fitch (ANF) CEO Fran Horowitz from this week.
#youtube #GAP #news
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
