https://auntresodamid.com/iJugHxINePLH1VY/96561
Gap shares halted after apparent early earnings release

Gap shares halted after apparent early earnings release

Sharing is caring!


Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. 

Nurphoto | Nurphoto | Getty Images

Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early.

The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning.

The earnings no longer appeared to be posted on Gap’s site when the stock was halted just before 10 a.m. ET. Shares were down nearly 1% before the trading pause.

Gap did not immediately respond to a request for comment.

Gap’s earnings come as CEO Richard Dickson, who took the helm last year, tries to lead a sales turnaround at the legacy retailer. The company showed early positive signs in its first quarter, when it posted comparable sales growth at all four of its brands, Gap, Banana Republic, Athleta and Old Navy.

This story is developing. Please check back for updates.



Source link

Oval@3x 2

Don’t miss latest news!

Select list(s):

We don’t spam! Read our [link]privacy policy[/link] for more info.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

🕶 Relax!

Put your feet up and let us do the hard work for you. Sign up to receive our latest news directly in your inbox.

Select Your Choice:

We’ll never send you spam or share your email address.
Find out more in our Privacy Policy.

Sharing is caring!

Read More :-  Bristol Myers Squibb beats earnings estimates, raises outlook as drugmaker slashes costs 
Scroll to Top