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Gap Stock Crashes on Flat Sales Forecast, Tariff Warning
GPSGap(GPS) Schaeffers Investment Research·2025-05-30 23:02

Gap Inc (NYSE:GAP) stock is freefalling, last seen down 19.7% to trade at 22.49,aftertheapparelretailerissuedlacklustercurrentquarterguidance.Thecompanyforecastflatsalesforthecurrentquarter,fallingshortofWallStreetsmodestgrowthexpectations.Theweakoutlookisovershadowingwhatwasotherwiseastrongfirstquarter.Gapbeatearningsandrevenueestimates,reporting51centspershareon22.49, after the apparel retailer issued lackluster current-quarter guidance. The company forecast flat sales for the current quarter, falling short of Wall Street’s modest growth expectations.The weak outlook is overshadowing what was otherwise a strong first-quarter. Gap beat earnings and revenue estimates, reporting 51 cents per share on 3.46 billion in revenue. However, executives warned that President Donald Trump’s proposed ta ...