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Gap shares surge 15% on strong Q2 results; Old Navy lags

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GAP
GAP Gap Inc
$23.48 +12.94%
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  1. 1Gap jumped 15% on Friday after beating Q2 estimates and raising its annual profit outlook
  2. 2Adjusted EPS of $0.52 topped expectations; the company raised its fiscal 2026 adjusted EPS guidance to $2.35–$2.45
  3. 3With Old Navy comparable sales down 4%, Wall Street is split on whether the brand, which accounts for roughly 57% of total revenue, can stage a rebound

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