Gap Q2 Sales $3.55B Miss $3.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Gap Inc. reported Q2 sales of $3.55 billion, missing the analyst consensus estimate of $3.57 billion by 0.56 percent. This represents a 7.96 percent decrease compared to the same period last year.
August 24, 2023 | 8:15 pm
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NEGATIVE IMPACT
Gap's Q2 sales missed analyst estimates and showed a decrease from last year's figures.
Gap's sales for Q2 missed the analyst consensus estimate and showed a decrease compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100