NEW YORK: Gap Inc's fourth-quarter profit beat estimates, helped by higher comparable store sales in North America and the apparel retailer raised its dividend for this year by 20% to 60 cents.
Gap, the third biggest clothes retailer in the world, posted net income of US$351mil, or 73 cents per share, for the quarter ended Feb 2, compared with US$218mil, or 44 cents per share, in the same quarter last year. Reuters
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!