Gap Inc. shares surged 15% after its Q2 2026 earnings beat profit expectations with adjusted EPS of $0.52, despite missing revenue forecasts and weaker sales at Old Navy. The company raised its full-year profit guidance while trimming sales growth estimates, mainly due to Old Navy's flat to slightly declining comparable sales. A leadership change at Old Navy and tariff refunds boosting margins helped investor confidence. The focus now is on Old Navy's turnaround under new CEO Michael Francis starting November 2 and maintaining margin improvements in Q3.
The Gap, Inc. has been upgraded to a Buy rating due to decisive management actions and a strong balance sheet that support potential growth. While the Old Navy brand has underperformed, Gap's cost discipline, inventory control, and tariff refunds hav...
Gap, Inc. reported Q3 earnings with an EPS of $0.52, beating analyst estimates of $0.48, but revenue of $3.65 billion fell short of the $3.69 billion expected, mainly due to weakness in its Old Navy brand. Despite the revenue miss and a year-over-yea...
Gap Inc. announced Michael Francis will become President and CEO of Old Navy starting November 2, 2026, succeeding Haio Barbeito who will move to an advisory role. Francis, who joined Gap Inc. earlier in 2026 as Chief Customer Officer and Head of Mar...
Gap Inc. reported a 2% decline in net sales for Q2 2026 but exceeded operating margin expectations due to strong gross margin and operational discipline. Old Navy sales fell 4%, while Gap brand saw a 10% comparable sales increase. The company returne...
Athleta, a Gap Inc. brand, unveiled its Fall campaign "My World. My Rules.", highlighting women's empowerment through stories of strength by women excelling in male-dominated fields. The campaign features athletes Sofia Napoli, Jewelianna Ramos-Ortiz...
