Gap rises as quarterly comparable sales, profit top estimates

GAP

21/11/2025 09:38

** Apparel maker Gap's GAP.N shares rise 4% to $24 premarket

** Co beats Wall St expectations for Q3 comparable sales and profit helped by strong marketing-driven demand for its Old Navy and Banana Republic brand apparel

** In Q3, comparable sales rose 5%, beating expectations of 3.26% growth, according to data compiled by LSEG

** Q3 rev up 3% to $3.94 billion vs analysts' expectations of $3.91 billion; reports adj EPS of 62 cents vs consensus estimate of 59 cents

   ** J.P.Morgan raises PT to $36 from $32 following results

** Avg rating of 20 analysts is a "buy"; their median PT is $27, according to data compiled LSEG

** Up to Thursday's close, stock had fallen 2.5% YTD

 (Reporting by Joel Jose in Bengaluru)

 ((mailto: joeljose@thomsonreuters.com))