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Gap Inc. reported Q2 adjusted EPS of $0.52, beating consensus estimates despite a 2% revenue decline. The Gap brand showed strong 10% comparable sales growth, while Old Navy declined 4% and Athleta fell 12%. Gross margins improved 20 basis points, and the company raised full-year adjusted EPS guidance to $2.35-$2.45, supported by margin expansion and share repurchases.
Read original at zacks-investment-researchGap stock surged 13% after beating earnings expectations with $0.52 per share profit (vs. $0.49 expected) while meeting sales forecasts of $3.7 billion. However, underlying performance was mixed—sales declined 2% year-over-year, and most gross margin improvement came from Trump tariff refunds rather than operational gains. The company projects sales growth of 1-1.5% by end of 2026 with improved margins, potentially exceeding full-year profit forecasts of $2.72 per share when tariff refunds are included.
Read original at the-motley-foolGainers Gap (NYSE:GAP) stock rose 12.8% to $23.45 during Friday's regular session. The company's market cap stands at $7.4 billion. The company's, Q2 earnings came out yesterday. Golden Sun Technology
Read original at benzingaFed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
Read original at benzinga