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Gap shares jump on surprise quarterly profit

Por: Fox Business Business May 26, 2023

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Check out what's clicking on FoxBusiness.com Gap says restructuring efforts and easing supply chain costs led to a surprise profit in the first quarter. Investors liked the news, rising more than 11% in premarket trading.Executives said the company spent less on salaries and other operating costs in a bid to improve margins, along with efforts to reduce inventories. The company has had two straight quarters of lower inventory as it works to... + full article



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