Gap stock falls as retailer misses sales expectations, driven by decline at Athleta

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Gap’

s fiscal second-quarter revenue came in lighter than expected on Thursday but sales at Banana Republic far exceeded expectations as the brand’s turnaround begins to show results.

The specialty apparel company behind Old Navy, Athleta, Banana Republic and its namesake banner saw comparable sales rise 1% during the quarter, weaker than the 1.9% rise that analysts had expected, according to StreetAccount. Overall revenue also missed expectations, while earnings per share came in better than estimates.

Gap’s stock fell in after-hours trading.

Gap stock falls as retailer misses sales expectations, driven by decline at Athleta

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