Gap, Inc. (GPS) Misses Q3 EPS by 7c, Revenue Beats, Offers Outlook

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Gap Inc. Reports Third Quarter Results

November 24, 2020 4:15 PM EST

Year-over-year net sales were flat, reflecting a meaningful improvement versus the prior quarter, including a 5% rise in comparable sales, and a 61% increase in online sales

Acquired 3.4 million new customers through our online channel, representing over 145% growth in new online customer acquisition year-over-year

Ended the quarter with $2.6 billion in cash, cash equivalents, and short-term investments versus $1.1 billion in the year-ago quarter

SAN FRANCISCO--(BUSINESS... More