Gap's Early Q2 Results Reveal Strong Sales Growth

Apparel retailer beats Wall Street expectations, driven by Old Navy and Gap brands, amid strategic turnaround efforts.

Gap's Q2 revenue rose 5% to $3.72 billion, surpassing estimates.
Earnings per share reached $0.54, beating the forecasted $0.40.
Same-store sales for Old Navy increased by 5%, while Gap brand saw a 3% rise.
Banana Republic sales remained flat, focusing on pricing and assortment improvements.
Trading of Gap shares was temporarily halted following the early release of results.