Gap Estimates Q2 Net Sales Could Decrease In The Mid To High-single Digit Range Compared To Last Year's $3.86B
Portfolio Pulse from Benzinga Newsdesk
Gap Inc. estimates its Q2 net sales could decrease in the mid to high-single digit range compared to last year's $3.86 billion.
May 25, 2023 | 8:19 pm
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Gap Inc. anticipates a decrease in Q2 net sales in the mid to high-single digit range compared to last year's $3.86 billion.
Gap Inc.'s estimated decrease in Q2 net sales indicates a potential negative impact on the company's stock price. Investors may be concerned about the company's performance and future growth, leading to a decrease in demand for the stock and a drop in its price.
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