Gap raises guidance ahead of holidays after storms, warm weather slowed sales

People walk past an Old Navy store on Fulton Street on April 11, 2024 in Downtown Brooklyn in New York City.Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better than expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales to be up between 1.5% and 2%, compared to previous guidance of "up ...