Retailer Gap has raised its sales outlook for the full year as its namesake brand in North America showed growth in e-commerce sales. As per CNBC reports, the company’s fiscal first-quarter sales surpassed pre-pandemic levels, as shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer.

Eighty percent of the company’s sales are coming from outside of the traditional shopping mall: either online, in strip centers or from street-level locations.

Gap swung to a profit of $166 million, or 43 cents per share, from a loss of $932 million, or $2.51 per share, a year earlier. Excluding one-time charges associated with the sale of Janie & Jack and Intermix, Gap earned 48 cents per share during the quarter. That came in well ahead of an expected 5 cent loss.

Total revenue grew to $3.99 billion from $2.11 billion a year earlier, when the retailer’s stores were shut for a period of time due to the Covid pandemic. That topped a Refinitiv estimate of $3.45 billion.

At Old Navy, comparable sales increased by 35 per cent year over year while at Athletathey rose by 27 per cent from last year Together, these two brands drove 66 per cent of company-wide sales in the latest quarter

At Gap’s namesake brand, global comparable sales grew by 29 per cent from last year.While at Banana Republic they fell by 4 per cent, Online sales grew 82 per cent from two years prior, accounting for 40 per cent of total revenue.

The retailer is now calling for adjusted earnings to be in a range of $1.60 to $1.75 per share this year, with net sales rising in the low- to mid-twenty percent range from 2020. Previously, it was looking for mid- to high-teens percentage sales growth.