Gap Q2 27 earnings: net sales $3.65B, gross margin 41.4%
Gap Q2 net sales were $3.65B versus $3.69B estimate, and adjusted EPS was 52c versus EPS of $1.38. Gross margin was 41.4% versus 41.0% estimate. Global comparable sales were +10% versus +8.73% estimate.
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08:26:24 PM UTC
SquawkNews
Gap Q2 27 Earnings
Net Sales: $3.65B (est $3.69B) Adjusted EPS: 52c EPS: $1.38 Gross Margin: 41.4% (est 41.0%) Global Comparable Sales: +10% (est +8.73%) Old Navy Comparable Sales: -4% (est -1.95%) Total Comparable Sales: -1% (est +0.57%) Sees Q3 Net Sales Growth: +1.5% To +2.5% Sees FY Net Sales Growth: +1% To +1.5%, Saw +1% To +2% CEO Richard Dickson To Transition To Advisory Role; Francis Will Succeed Him As CEO