CNBC
•Business
Business & Economics
82% Informative
Gap beat Wall Street's estimates due to strong sales at Old Navy and improvements at its namesake banner.
Slowdowns at Banana Republic and Athleta , the company's other two brands, have dragged down its overall performance.
Gap only reaffirmed its full-year guidance and expects holiday-quarter sales to be flat to slightly negative.
Shares soared m third quarter in e Thursday trading as of Thursday's close.
Revenue at Gap's eponymou the holiday season million, a 15% drop compared to last Banana Republic ctive Athleta and was the worst performer dur Old Navy quarter.
Sales at Banana Republic, known for its workwear and going out pieces, fell 11%.
Gap is still reeling from t full-year wn of Yeezy Gap. holiday-quarter Feed_highLightText__NxlGi">Dickson more than 15% _highLightText__NxlGi">Athle Thursday > about 21% L year to date lGi">19% the quarter hLightText__NxlGi">$279 million last year Refinitiv ="summaryFeed_highLightT 59 cents Gi">18% 19 cents lass="summaryFeed_hig $3.77 billion xlGi" $3.60 billion /span> three-month span> Oct. 28 yFeed $218 million xt__N 58 cents ckson $282 million _high 77 cents t__NxlGi">th a year earlier rs 8% 59 cents aryFeed_highLightText__NxlGi" $3.77 billion about 7% class= $4.04 billion h a year earlier NxlGi">last year 11% only 2% na 8.7% ="summaryFeed_highLightText__NxlGi">Dickson StreetAccount "summa the third quarter in a row i">1% Yeezy Gap last year several quarters _NxlGi">15% more than 2,000 Gi">$887 milli the quarter 3.9 xt__NxlGi">Dickson41.3% the 38.9% Text__NxlGi">activewear StreetAccount ighLightText__NxlGi">1% last year 1% the quarter< Mattel Richard Dickson _highLightText__NxlGi">more Dickson lf Barbie htText__NxlGi">$2.13 billion Dickson Athleta Gap Inc. maryFeed_highLightText__NxlGi">Bananathe last several years maryFeed_highLightText__NxlGi">Old Navy Q4 CNBC Dickson mmaryFeed_highLightText__NxlGi">Katrina O'Con first /span> the quarter Athleta Banana 0.3% last year < Old Navy ss="summaryFeed_highLightText__ Banana Republic n> < Athleta ass="summaryFeed_highLightText__NxlGi">its fourth quarter full-year liday quarter
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