The Gap, Inc. (GPS - Free Report) is a premier international specialty retailer offering a diverse range of clothing, accessories, and personal care products.Shares of Gap have outpaced the industry year to date, thanks to robust business trends in the apparel industry, which helped the company to swing back to profits in first-quarter fiscal 2021. The company reported better-than-expected top and bottom-line results, with earnings and sales also increasing on a year over year and two-year basis. The top line benefited from strength in its Old Navy and Athleta brands, growth in the Gap business in North America, and market share gains. This along with improved margins aided the bottom line. The company continued to witness strong momentum in its digital business. Digital sales increased 61% year on year and 82% sequentially. Also, the reopening of majority of the company’s stores aided sales. The sturdy top line performance and strong margins helped the company return to bottom line growth.
The Container Store Group, Inc. (TCS - Free Report) operates as a specialty retailer of storage and organization products in the United States.Container Store Group came out with quarterly earnings beating the Zacks Consensus Estimate. This quarterly report represents an earnings surprise of 300%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The company’s shares are expected to perform in line with the market in the near future.
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The Gap, Inc. (GPS - Free Report) is a premier international specialty retailer offering a diverse range of clothing, accessories, and personal care products.Shares of Gap have outpaced the industry year to date, thanks to robust business trends in the apparel industry, which helped the company to swing back to profits in first-quarter fiscal 2021. The company reported better-than-expected top and bottom-line results, with earnings and sales also increasing on a year over year and two-year basis. The top line benefited from strength in its Old Navy and Athleta brands, growth in the Gap business in North America, and market share gains. This along with improved margins aided the bottom line. The company continued to witness strong momentum in its digital business. Digital sales increased 61% year on year and 82% sequentially. Also, the reopening of majority of the company’s stores aided sales. The sturdy top line performance and strong margins helped the company return to bottom line growth.
The Container Store Group, Inc. (TCS - Free Report) operates as a specialty retailer of storage and organization products in the United States.Container Store Group came out with quarterly earnings beating the Zacks Consensus Estimate. This quarterly report represents an earnings surprise of 300%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The company’s shares are expected to perform in line with the market in the near future.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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