This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEGAN1NF_L.jpg
The retailer reported a surprise rise in third-quarter quarter comparable sales, powered by online demand for its Athleta athleisure wear and Old Navy apparel from stuck-at-home customers.
The San Francisco-based retailer reported a net income of $95 million, or 25 cents per share, in the quarter ended Oct. 31, down from a profit of $140 million, or 37 cents per share, a year earlier.
Comparable sales rose 5%, compared with the average analyst estimate of a 0.62% fall, according to IBES data from Refinitiv.
