Markets.News
Clothing company Gap Inc (NYSE: GAP) released its second-quarter financial results following the market close on Thursday. The Q2 revenue stood at $3.73 billion, aligning with expectations, while Q2 EPS was reported at 57 cents, surpassing estimates of 55 cents. Gap shares are slipping from recent levels. The net sales remained unchanged year-over-year, with store sales declining by 1% and online sales growing by 3%. The company indicated a 1% year-over-year increase in comparable sales. Additionally, Gap generated $308 million in income. For further details, read the full story on Benzinga.com.