Gap, Inc. (GPS) Tops Q2 EPS by 24c

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Go back to Gap, Inc. (GPS) Tops Q2 EPS by 24c

Gap Inc. Reports Second Quarter Results

August 27, 2020 4:15 PM EDT

Comparable sales rose 13%, led by 95% online net sales increase year-over-year

18% year-over-year net sales decline driven by COVID-19 related store closures

Acquired 3.5 million new customers through our online channel, representing over 165% growth in new online customer acquisition year-over-year

Ended the quarter with $2.2 billion in cash and cash equivalents, an increase of over $1 billion versus prior quarter

SAN FRANCISCO--(BUSINESS... More