GAP's 41.4% adjusted gross margin rises year over year, but Old Navy investments, fuel costs and occupancy deleverage can pressure second-half gains.
Stocks are pointing to a quiet open Friday as investors look ahead to a speech from Federal Reserve Chair Kevin Warsh; the central bankers is scheduled to speak this morning at the annual Jackson Hole economics conference; tech stocks are pulling back from yesterday's big gains after Marvell's latest earnings just slightly topped estimates; PayPal shares are falling on a report that Advent and Stripe are dropping their $50 billion bid for the payments giant; and Gap shares are rallying after the retailer announced a change in leadership at its struggling Old Navy unit. Here's what you need to know today.
Gap Inc. NYSE: GAP reported second-quarter fiscal 2026 net sales of $3.7 billion, down 2% from a year earlier, while comparable sales declined 1%. The retailer said it exceeded its profit expectations through pricing discipline, inventory management and gross-margin strength, even as performance varied sharply among its brands.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| ABB Alexander Bjornager Bonde Danske Bank A/S | 300 | $5,604 | $6,132 | $528 | 9.42% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 684 | $12,777.12 | $13,943.34 | $1,166.22 | 9.13% |
| JS Jeremy Szuch MSA Advisors LLC | 308,800 | $5.77M | $7.05M | $1.28M | 22.16% |
| BG Bart Gancher Intech Investment Management LLC | 150,162 | $2.81M | $3.07M | $266,537.55 | 9.5% |
| JM John Malone Amundi | 49,008 | $915,469.44 | $1.05M | $138,692.64 | 15.15% |
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Richard Dickson CEO | NYSE Exchange | 364760108 CUSIP |
| US Country | 79,000 Employees | 7 Oct 2026 Last Dividend | 22 Jun 1999 Last Split | - IPO Date |
The Gap, Inc., founded in 1969 and based in San Francisco, California, is a global retailer specializing in apparel. This company is known for its wide range of clothing, accessories, and personal care products targeted towards men, women, and children. The Gap punctuates the retail landscape with its diverse portfolio of brands, including Old Navy, Gap, Banana Republic, and Athleta. Each brand carries its unique identity and caters to different market segments. The Gap, Inc. extends its market reach through a mix of company-operated stores, franchise outlets, online platforms, and third-party arrangements, operating under franchise agreements across various continents including Asia, Europe, Latin America, the Middle East, and Africa.