StockNow
Log in
U.S. Markets

Gap Inc. (GAP) Q2 2026 (USD): Adj. EPS 0.52 (exp. 0.48), Revenue 3.65bln (exp. 3.69bln), Comp. sales -1%

StockNow breaking-news AI analysis

Gap Inc. beat Q2 adjusted EPS estimates despite missing revenue, raised full-year EPS guidance, and recorded a USD 417 million IEEPA tariff recovery adjustment.

News detail

Got refunds of USD 95mln and related interest Income of USD 5mln in Q2, with remaining refunds & related interest income expected in Q3. In Q2, recorded USD 417mln adjustment to cost of goods sold related to net IEEPA tariff recovery. Guidance: FY net sales +1-1.5% (prev. +1-2%). FY adj. EPS 2.35-2.45 (prev. 2.30-2.40). Q3 net sales +1.5-2.5%. Q3 gross margin up 25-75bps.

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more
Geopolitics

Any agreements concluded between Iran and Oman are of no importance to us, reports Al Jazeera citing a US source

Fed

Fed's Collins (2028 voter) says recent PCE report did not change modal outlook that current monetary policy is restrictive and will likely lead to a gradual disinflation

Geopolitics

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources