) shares skyrocket by over 20% the day after reporting strong first-quarter earnings, CEO Richard Dickson telling Yahoo Finance that the fashion retailer — whose portfolio includes Banana Republic, Old Navy, and Athleta —Let's take a look at gap because shares are surging this morning after reporting sales growth in all four of its brands during the first quarter, Yahoo Finance's executive editor Brian Sazi spoke with gap, Ceo, Richard Dixon on the back of these results.
The estimate was of a decline of about 3% and Aleta sales there up just about 5% and Brad, one thing that stuck out to me and I feel like you'd have an opinion on this in terms of what was driving sales.It was called out during the earnings call and they were saying that that is working, the demand is clearly there and that's helping these results here in the most recent quarter.And if the linens and the campaign with Tracy Ellis Ross, you are she Hedi don't get you excited.
When you talk about leaner inventory that was down 15% from a year ago, new products, advertising efforts have clearly been paying often. But how much of that is, has the ability here to carry over when you listen to the uh to the interview that our colleague Brian Zazi did with Richard Dixon, the CEO.
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