Gap, Inc. (GPS) Misses Q3 EPS by 24c, Cuts FY EPS Guidance
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Gap Inc. Reports Third Quarter Results
November 23, 2021 4:15 PM ESTThird quarter comparable sales increased 5% and net sales were down 1% compared to 2019 pre-COVID levels Significant supply chain constraints in the quarter impacted both comparable sales and net sales Online sales for the quarter increased 48% compared to 2019 Gross Margin of 42.1% for the quarter represented the highest third quarter rate in over ten years The company is revising its full-year 2021 guidance as a result of ongoing supply chain disruption
SAN FRANCISCO--(BUSINESS... More
