Severe winter storms forced temporary closures at hundreds of Gap Inc. locations during the fourth quarter, a disruption the retailer says weighed on results and investor sentiment.
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Why Gap Stock Is Tanking On Friday
Investors are interpreting last quarter's results, guidance, and management's comments in an unnecessarily bearish light. In the end, that's likely to be a mistake.
Gap (NYSE: GAP) has raised its quarterly dividend by roughly 6% and authorized a fresh $1 billion share repurchase program on the same day its stock fell nearly 9.5% after earnings. For income ...
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