Gap Inc. Reports First Quarter Fiscal 2024 Results, Raises Full Year Guidance

Net sales increased 3% versus last year with market share gains for the 5th consecutive quarter Comparable sales were positive at all four brands in the portfolioOperating margin expansion reflects improvement in gross margin and operating expenseSAN FRANCISCO, May 30, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS), 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 first quarter ended May ...