Jim Cramer on Gap: “There’s Some Palpable Signs of Return Here”

The Gap, Inc. (NYSE:GAP) is one of the stocks that Jim Cramer discussed. Cramer discussed the company’s earnings and the following conference call during the episode. He remarked:

“What’s happening with the stock of GAP this evening? After the close, the retail chain, that also owns Old Navy, Banana Republic, and Athleta, reported what, let’s call it, a mixed quarter. GAP posted a 2-cent earnings beat off a 55-cent basis; revenue came in slightly weak… same store sales up just 1%, some were looking for 2. On the other hand, management looks like it’s making real progress on the once ailing Banana Republic.

But then, management also forecasted problems with President Trump’s tariffs, and I think that’s going to be a drag on the company’s margins, and I think it because I said anything that’s involving tariffs just gets people really scared. But you know what? The stock rallied after hours because the conference call was terrific. I loved it. Right now, Wall Street only seems to care about the impact of the tariffs on retail. That will not stay the same. There’s some palpable signs of return here.”

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The Gap, Inc. (NYSE:GAP) is an apparel retailer that provides clothing, accessories, and personal care products under the Old Navy, Gap, Banana Republic, and Athleta brands.

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Disclosure: None. This article is originally published at Insider Monkey.