Gap reported second-quarter revenue of $3.73 billion, in line with estimates, and earnings per share of 57 cents, topping forecasts of 55 cents, according to Benzinga. Net sales were flat from last year, with store sales down 1% and online sales up 3%. CEO Richard Dickson said the company exceeded profit expectations, achieved revenue goals, and posted a sixth straight quarter of positive comps driven by Old Navy, Gap, and Banana Republic. The retailer guided third-quarter revenue between $3.86 billion and $3.90 billion, versus estimates of $3.91 billion, and reaffirmed full-year guidance of $15.25 billion to $15.40 billion. Shares fell 6.27% in after-hours trading on Thursday.
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