Gap Inc. (GPS) reported a 10 percent increase in July comparable store sales Thursday morning. The company expects to report second quarter EPS of $0.47 to $0.48, which is above the consensus estimate of $0.38.
Gap gapped open sharply higher Thursday and climbed above the session's narrow range in the final 90 minutes of trade. The stock closed up by 3.75 at $33.17, with volume at a 5-month high. Gap has risen above a 2-week range and has set a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.