Gap Inc. Scores Q1 Gains: CEO Richard Dickson said the operator of Old Navy, Gap, Banana Republic and Athleta is continuing to gain market share.

Gap Inc., the operator of Old Navy, Gap, Banana Republic, and Athleta, reported a profitable first quarter for 2024, with comparable sales gains across all four brands. The company's net income for the quarter was $158 million, compared to a net loss of $18 million in the same quarter last year. Gap Inc. attributed its success to better products, marketing, storytelling, and execution. Despite concerns about consumer spending, Gap Inc. remains confident in its turnaround strategy and has raised its outlook for fiscal 2024. [Extracted from the article]