Gap shares crater 12% after retailer sees millions in lost sales from delayed shipments, cuts forecast
Gap Inc. slashed its full-year outlook as fiscal third-quarter results fell short as Covid-related factory closures led to significant product delays in the quarter.
Its stock was recently down 15% in extended trading on the news, having risen about 16% year to date. Here's how Gap did in the three-month period ended Oct. 30 compared with what analysts were anticipating, using Refinitiv data:Revenue: $3.94 billion vs. $4.44 billion expected
France Dernières Nouvelles, France Actualités
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