Net sales increased 5% versus last year with market share gains for the 6th consecutive quarter

Comparable sales were up 3% driven by strength at Old Navy and Gap

Operating margin of 7.9% improved 490 basis points versus last year

Increases outlook for fiscal 2024 gross margin and operating income growth 

SAN FRANCISCO, Aug. 29, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its second quarter ended August 3, 2024.

The American Pop Culture Brand Celebrates Loose Denim as Both a Fit and Mindset through Dance

NEW YORK, Aug. 21, 2024 /PRNewswire/ -- Gap debuts its Fall 2024 campaign, featuring dancers and artists showcasing the brand's fall denim collection as a canvas for creativity. The campaign champions originality through fashion, music, and dance.

The campaign, titled "Get loose," stars GRAMMY®-nominated global pop star Troye Sivan and the dance group CDK Company, with direction and choreography by Sergio Reis. Set to Thundercat's viral hit "Funny Thing," the film, shot by Dan Martensen, reunites Sivan and Reis and features original choreography showcasing dancers in baggy and loose fit denim, inspiring free movement and personal style.

SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS) today announced its board of directors has authorized a third quarter fiscal year 2024 dividend of $0.15 per share, payable on or after October 30, 2024 to shareholders of record at the close of business on October 9, 2024.

As a reminder, Gap Inc. previously announced that it will change its ticker symbol from "GPS" to "GAP".  The company's common shares will begin trading on the New York Stock Exchange (NYSE) under the new symbol "GAP" on Thursday, August 22, 2024.

SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS) a house of iconic American brands including Old Navy, Gap, Banana Republic, and Athleta, announced today that it will be changing its ticker symbol from "GPS" to "GAP". Effective on Thursday, August 22, 2024, the company's common shares will trade on the New York Stock Exchange (NYSE) under the new symbol "GAP".

"Updating our NYSE ticker symbol to GAP on our 55th anniversary recognizes both an important milestone and the reinvigoration journey we're on - inspired by our past, engaged in the present, and eager to shape the exciting evolution of our house of iconic American brands," said Gap Inc. President and Chief Executive Officer, Richard Dickson.

LOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- Today, Banana Republic, a lifestyle brand in the Gap Inc. (NYSE: GPS) portfolio, announces the reopening of their location at Westfield Century City in Los Angeles following the reopening of the brand's New York City flagship store in SoHo earlier this spring.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9283451-banana-republic-century-city-california/

The new premium store experience invites shoppers to explore Banana Republic's elevated aesthetic, rooted in rich storytelling and exploration, showcasing exceptional timeless design and versatile styling that blends fashion, art, and global culture. Redesigned in collaboration with renowned architect and interior designer Noa Santos of NAINOA, with artwork curated by creative advisor Jacqueline Schnabel and the in-house Banana Republic team, this newly elevated store design and retail experience creates an immersive backdrop for discovering the brand's latest collections.

Programming to include official ESPYS sponsorship, campaign featuring Simone Biles and Katie Ledecky, in-store activations and events in Paris and select U.S. markets, as well as continuing our monetary commitment to the Women's Sports Foundation® (WSF ®)

SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- Athleta, a Gap Inc. (NYSE: GPS) company and leading women's performance activewear brand, empowers women and girls to build confidence, strength, and belonging through movement—igniting the POWER OF SHE. At a time when women are dominating on and off courts, tracks, mats, and fields, Athleta is inviting women to not just play the game but to change it with inspiring campaigns, events, and partnerships this summer.