Gap stock falls as retailer misses sales expectations, driven by decline at Athleta
Summary by Ground News
8 Articles
8 Articles
Gap forecasts weaker annual margin growth amid tariff concerns, shares fall
Gap on Thursday forecast weaker annual operating margin growth after posting quarterly comparable sales below estimates, driven by impacts from tariffs on imports of goods to the U.S., sending its shares down about 10% in extended trading.
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Read Full ArticleGap misses sales estimates, warns of tariff pressure on margins
Gap Inc. on Thursday reported comparable sales below Wall Street expectations as customers cut back on discretionary spending, while the company warned that US tariffs would weigh on margins in the current quarter. Rising prices and uncertainty from the Trump administration’s trade policy have slowed consumer spending, posing fresh challenges to CEO Richard Dickson’s turnaround […] The post Gap misses sales estimates, warns of tariff pressure on…
Coverage Details
Total News Sources8
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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