00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gap reported third-quarter comparable sales up 5% as its better-in-denim and milkshake campaigns
00:07boosted demand and helped the retailer beat expectations on earnings and revenue,
00:11according to CNBC. Retail giant reported earnings of $0.62 per share and revenue of $3.94 billion,
00:17beating expectations of $0.59 per share and $3.91 billion. Gap raised its full-year outlook to 1.7%
00:24to 2% sales growth that now projects a 7.2% operating margin,
00:28up from its earlier 6.7% to 7% range. Gap's viral milkshake campaign boosted sales,
00:35but CEO Richard Dixon said the brand's growth reflects consistent improvements in product,
00:39marketing, and partnerships. For all things money, visit Benzinga.com.
Comments