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 returned $726 million to shareholders through buybacks and dividends and raised its full-year earnings per share outlook. Michael Francis was named the new CEO of Old Navy, signaling leadership changes amid ongoing brand transformations.
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 es...
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...
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...
