Gap inc. reports third quarter fiscal 2024 results, raises full year outlook

Net sales increased 2% versus last year with comparable sales up 1% operating margin of 9.3% improved 270 basis points versus last year market share gains across all brands in the quarter raises outlook for fiscal 2024 net sales, gross margin and operating income growth san francisco , nov. 21, 2024 /prnewswire/ --  gap inc.  (nyse: gap), the largest specialty apparel company in the u.s. and a house of iconic brands including old navy, gap, banana republic, and athleta, today reported financial results for its third quarter ended november 2, 2024. "i'm proud that gap inc. delivered another successful quarter, growing net sales for the 4th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said president and chief executive officer, richard dickson.
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