Was This Gap's Comeback Quarter?
Gap (NYSE: GPS) hasn't been a great investment over the past three years as its styles have fallen out of favor, but the stock has risen more than 50% year to date as investors have regained confidence in its comeback. Its third-quarter earnings report was impressive, showing strong results since the early lockdown phase of the pandemic. So, is it time to buy in?
Gap is the largest apparel-focused retailer in the U.S., with $16 billion in annual 2019 sales. But its growth has been patchy over the past few years, with solid results from the Old Navy brand and high growth from the Athleta women's activewear brand, but weak progress from both The Gap and Banana Republic chains, which were the height of popular fashion in their heydays.
Source Fool.com
