Gap Stock Tumbles 15% Post Q1 Earnings: Bargain Buy or Bearish Signal?
The Gap Inc. (GAP) stock slumped 14.85% in the after-hours trading session yesterday despite showcasing strong first-quarter fiscal 2025 results on the surface, with the top and bottom lines beating the Zacks Consensus Estimate. The after-hours sell-off was likely driven by concerns over 150 million in tariff-related costs, a muted second-quarter and fiscal 2025 outlook, and continued struggles at Athleta and Banana Republic brands.Gap posted earnings per share of 51 cents, which beat the Zacks Consen ...