GAP ▲ +6.0% - The Gap, Inc. $GAP Net sales down 2% compared to last year; comparable sales down 1% Exceeded reported and adjusted operating margin expectations Returned $726 million to shareholders through share repurchases and dividends year-to-date Provides updated outlook for full year while raising earnings per share outlook Company separately announces Michael Francis as Old Navy's next President and CEO, succeeding Haio Barbeito Gap Inc.'s shares rose 6.0% today despite reporting a 2% decline in net sales and a 1% drop in comparable sales, as investors focused on the company's operational efficiency and capital returns. The stock gained on Gap's better-than-expected operating margins, $726 million returned to shareholders through buybacks and dividends year-to-date, and management's decision to raise its full-year earnings per share outlook. The leadership appointment of Michael Francis as Old Navy's president and CEO may have also signaled confidence in the division's future direction. 27-AUG-2026 04:17 PM ET