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Was This Gap's Comeback Quarter?

Dec 02, 2020 - Nasdaq
Board and Executive Moves-Financial Results

Gap (NYSE: GPS) hasn't been a great investment over the past three years as its styles have fallen out of favor, but the stock has risen more than 50% year to date as investors have regained confidence in its comeback. Its third-quarter earnings report was impressive, showing strong results since the early lockdown phase of the pandemic. So, is it time to buy in?

Digitally powered results

Gap is the largest apparel-focused retailer in the U.S., with $16 billion in annual 2019 sales....