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Gap Delivers Another Earnings Beat

TheMotleyFool

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Gap Delivers Another Earnings BeatPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Gap's (NYSE: GPS) turnaround took another step forward last quarter -- no thanks to its namesake brand. Fast-growing Old Navy and Athleta continue to drive strong results for the specialty retail giant, despite ongoing market share losses for the flagship Gap brand and the upscale Banana Republic brand.

While Gap stock has rallied nicely over the past year, it has pulled back significantly from the multiyear high reached a few months ago. That has created an attractive entry point for long-term investors.