Gap Continues To Anticipate FY23 Net Sales Could Decrease In The Low To Mid-Single Digit Range Compared To Last Year's $15.6B
Portfolio Pulse from Benzinga Newsdesk
Gap Inc. expects its FY23 net sales to decrease in the low to mid-single digit range compared to last year's $15.6 billion.
May 25, 2023 | 8:21 pm
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Gap Inc.'s FY23 net sales are expected to decrease in the low to mid-single digit range compared to last year's $15.6 billion.
Gap Inc.'s anticipated decrease in net sales for FY23 compared to last year's $15.6 billion could negatively impact the company's stock price in the short term. Investors may be concerned about the company's revenue growth and future prospects, leading to a potential decline in the stock price.
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