{"id":81665,"date":"2022-05-27T00:11:10","date_gmt":"2022-05-27T04:11:10","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81665"},"modified":"2022-05-27T00:11:47","modified_gmt":"2022-05-27T04:11:47","slug":"gap-shares-fall-13-after-retailer-slashes-profit-guidance-for-the-year","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/gap-shares-fall-13-after-retailer-slashes-profit-guidance-for-the-year.html","title":{"rendered":"Gap shares fall 13% after retailer slashes profit guidance for the year"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/GPS\" target=\"_blank\">Gap Inc.<\/a> on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the day up 4%. An imbalanced mix of clothing sizes, ongoing inventory delays and an uptick in price-lowering promotions put a dent in Old Navy\u2019s performance during the quarter.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/26\/gap-gps-reports-q1-2022-earnings.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81665","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81665"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81665\/revisions"}],"predecessor-version":[{"id":81666,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81665\/revisions\/81666"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}