Gap Inc. (GPS) reported Thursday morning that its fourth quarter comparable store sales declined by 4%. The company expects to report fourth quarter EPS of $0.41 to $0.42, which is above the consensus estimate of $0.35.
Gap Inc. gapped open sharply higher Thursday, but traded in a range for the majority of the session. The stock closed up by 2.07 at $21.52, with volume at nearly a 6-month high. Gap surged to over an 8-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.