Jim Cramer Says Gap "Has Been Taking Some Time to Turn Itself Around Under CEO Richard Dickson"

The Gap, Inc. (NYSE:GAP) is one of the stocks Jim Cramer recently offered insights on. Cramer highlighted the company’s strength despite a “tough environment for retailers,” as he commented:

“This is a tough environment for retailers, I mentioned earlier, but great merchants won’t let that stop them from putting up phenomenal numbers. Take Gap Inc., which has been taking some time to turn itself around under CEO Richard Dickson. After the close, though, Gap reported a great quarter. This was a 3-cent earnings beat off of 59-cent basis with a higher-than-expected revenue, 5% same-store sales growth, analysts were only looking for 3.1%. At the same time, management raised their full-year forecast for both revenue growth and operating margin. And that’s why the stock’s flying in after-hours trading.”

The Gap, Inc. (NYSE:GAP) sells apparel, accessories, and personal care items for men, women, and children. The company’s brands include Old Navy, Gap, Banana Republic, and Athleta.

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