Gap inc. reports second quarter fiscal 2024 results, provides updated full year outlook

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. "gap inc. delivered another successful quarter, exceeding financial expectations and gaining market share for the 6th consecutive quarter," said president and chief executive officer, richard dickson.
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