Gap Inc
GAP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Rn | LOCK|jG | LOCK|L!F#h^X |
Gap Earnings: Even Amid Robust Comparable Sales Momentum, Shares Still Attractive
In the third quarter, Gap reported net sales of $3.9 billion (up 3%) with consolidated comparable sales increasing 5%, led by Gap and Old Navy comparable store sales growth of 7% and 6%, respectively. However, Athleta weighed on results, with net sales and comparable sales both declining 11%.
