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.
GAP trades at a discounted valuation as investors weigh weaker near-term guidance against AI investments and customer engagement initiatives.
GAP NYSE: GAP reported first-quarter fiscal 2026 results that management said reflected continued progress in its turnaround, with companywide comparable sales rising for the ninth consecutive quarter, even as performance varied sharply across its portfolio of brands.
GM, SPGI, RL, M and GAP show how women-led companies are redefining growth with discipline, agility and results.
Futures are higher after the president of the New York Federal Reserve boosted hopes that the Fed could be in a position to cut interest rates again; bitcoin is extending a two-week slide that has pushed the cryptocurrency to its lowest levels since April; Nvidia shares are wavering in premarket trading after tumbling yesterday despite a stronger-than-expected earnings report; Gap shares are rising after the clothing retailer reported solid third-quarter results and boosted its outlook; and Intuit's shares are rising after the TurboTax parent said AI is boosting its sales. Here's what you need to know today.
Gap's disciplined "brand reinvigoration playbook" is driving stronger sales, profit gains and renewed cultural relevance across its portfolio.
GAP President and CEO Richard Dickson joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, navigating tariffs, and more.
Median compensation for S&P 500 chief executives rose nearly 10% to $17.1 million in 2024, fueled by surging corporate profits and a booming stock market, according to an annual survey by the Associated Press and Equilar. The gains far outpaced the 1.7% median pay increase for employees, whose typical compensation reached $85,419.
Gap leads retail with strong brands, digital strides and global reach. Its focus on innovation and efficiency keeps it competitive in a shifting market.
Amid recent market volatility, here are the best buying opportunities in the retail sector, according to a top technical analyst. Transcript: BOB LANG: I'm seeing some good buy opportunities in a couple of different areas and segments, and I think this is a difficult one for me, especially when it relates to the consumer.