By  on March 1, 2018

Gap Inc.’s stock soared 8.8 percent in after-hours trading as the company turned in solid fourth-quarter sales, driven by a particularly strong showing at Old Navy. The firm’s fourth-quarter sales jumped 7.9 percent to $4.78 billion.

Those gains were driven by a 9 percent comparable sales increase at Old Navy and a 1 percent comp rise at Banana Republic. The flagship Gap business comped flat for the quarter.

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