Brief: Gap Says Outlook FY Net Sales Up 1% To 1.5% VS Prior Forecast Up 1% To 2%

The Gap

27/08/2026 21:15

Aug 27 (Reuters) - The Gap, Inc. GAP.N:
GAP INC Q2 ADJ EPS $0.52 VS IBES ESTIMATE $0.48
GAP INC Q2 COMPARABLE SALES DOWN 1%
GAP INC Q2 SALES $3.65 BLN VS IBES ESTIMATE $3.69 BLN
GAP INC: GOT REFUNDS OF $95 MLN & RELATED INTEREST INCOME OF $5 MLN IN Q2, WITH REMAINING REFUNDS & RELATED INTEREST INCOME EXPECTED IN Q3
GAP INC: IN Q2, RECORDED $417 MLN ADJUSTMENT TO COST OF GOODS SOLD RELATED TO NET IEEPA TARIFF RECOVERY
GAP INC OUTLOOK FY NET SALES UP 1% TO 1.5% VS PRIOR FORECAST UP 1% TO 2%
GAP INC OUTLOOK Q3 NET SALES UP 1.5% TO 2.5%
GAP INC OUTLOOK Q3 GROSS MARGIN UP ABOUT 25 TO 75 BASIS POINTS
GAP INC OUTLOOK FY ADJ EPS ABOUT $2.35 TO $2.45 VS PRIOR FORECAST ABOUT $2.30 TO $2.40
GAP INC: ANNOUNCES MICHAEL FRANCIS AS OLD NAVY'S NEXT PRESIDENT & CEO, SUCCEEDING HAIO BARBEITO
THE GAP, INC. GAP.N FY SHR VIEW $2.34, REV VIEW $15.53 BLN -- LSEG IBES DATA
GAP INC OUTLOOK FY ADJ GROSS MARGIN UP SLIGHTLY YOY
Further company coverage: GAP.N

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