Net sales grew 9% at Gap while Old Navy's fell 4%.
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• $3.7 billion: Gap Inc.’s net sales during the second quarter, representing a 2% year-over-year decline. There was a 3% decrease in store sales and 1% decrease in ecommerce sales.
• $1.3 billion: Operating expenses, making up 34.3% of net sales.
• $844 million: Net sales at Gap, up 9% year-over-year.
• $264 million: Net sales at Athleta, down 12% year-over-year.
The watercooler talkGap Inc.’s second-quarter earnings show a mixed bag of results across its four brands: Gap, Old Navy, Banana Republic, and Athleta.
Gap is the standout star, increasing net sales by 9% and comparable sales by 10% year-over-year during the second quarter.
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|---|---|---|---|---|
| 1 | How Gap is trying to get its cool back | 2 | 6 | 11-03-2026 |
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| 3 | Ads of the Week: 12 Campaigns That Caught Our Eye, From Gap to Marc Jacobs | 0 | 10.4 | 14-08-2026 |
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| 5 | Rhode sells $27 million DTC in one day, plots 19 country expansion | 0 | 17.47 | 05-08-2026 |
| 6 | Ads of the Week: 13 Campaigns That Caught Our Eye, From Fanta to Heinz | 0 | 11.16 | 28-08-2026 |
| 7 | Industrial nostalgia: Gap Beauty is back | 0 | 11.11 | 30-07-2026 |
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| 9 | How Tracee Ellis Ross Built a Beauty Brand That Became a Cultural Movement | 0 | 7.56 | 07-08-2026 |
| 10 | Fashion Briefing: As Gen Z goes back to the mall, Garage is opening 20 profitable stores a year | 0 | 7.93 | 09-07-2026 |