I Think Gap (GAP) “Turns Out to be the Winner,” Says Jim Cramer

Apparel retailer The Gap, Inc. (NYSE:GAP) is presently successful the mediate of a pugnacious turnaround done which it is consolidating its brands and cutting down costs. Cramer has discussed the efforts respective times successful his greeting appearances and expressed optimism astir the firm's CEO successful astir of these. The Gap, Inc. (NYSE:GAP) reported its fiscal 3rd 4th net past week, which saw the firm's $3.94 cardinal successful gross and $0.62 successful net per stock bushed expert estimates. The Gap, Inc. (NYSE:GAP)'s shares closed 8.2% higher connected Friday, and Cramer attributed the after-hours leap connected Thursday to the firm's net report. In this appearance, helium opined that the shares could spell higher:

"I besides deliberation that Gap turns retired to beryllium the victor successful apparel. That was extraordinary, the Richard Dickson turnaround successful Gap is extraordinary. This is Banana Republic, was atrocious past month, it turned around, I mean past quarter. The 7% of Gap, the flagship, is amazing. But it's the Old Navy [inaudible], that is 1 of the astir unthinkable turns. And I saw the wag bears saying that Athleta was down 11, but that's due to the fact that they're cleaning up Athleta. This is an astonishing banal and it tin spell overmuch higher.

"See present there, there's different, erstwhile I talked astir past night, which is that hold and spot what's benignant of holding . . .Gap Stores volition beryllium great, these are the caller anointed ones, they're the survivors. Okay?"

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