Overview

• 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.