Gap Inc. (NYSE:GAP) shares jumped about 13% Friday, the day after the apparel retailer reported fiscal second-quarter results and nudged its full-year profit outlook higher. The market liked the margins, the raised guidance, and news of a new leader for the company's biggest brand.
But the quarter was more lopsided than a pop like that suggests. Gap Inc. runs four brands (Old Navy, Gap, Banana Republic, and Athleta), and in the fiscal second quarter, exactly one of them was growing in any meaningful way. Total company net sales fell 2% year over year to $3.7 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The brand that was growing happens to share its name with the stock. Here's a closer look at the quarter, brand by brand.
Image source: Getty Images.
#NVIDIA #total
But the quarter was more lopsided than a pop like that suggests. Gap Inc. runs four brands (Old Navy, Gap, Banana Republic, and Athleta), and in the fiscal second quarter, exactly one of them was growing in any meaningful way. Total company net sales fell 2% year over year to $3.7 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The brand that was growing happens to share its name with the stock. Here's a closer look at the quarter, brand by brand.
Image source: Getty Images.
#NVIDIA #total
1 month ago
