For the fiscal second quarter reporting on August 27, 2026, analysts expect The Gap, Inc. to post consensus revenue of approximately $3.70 billion and earnings per share of $0.50, with the stock currently trading near $19.80 against an average price target of $26.50.
Investors are laser-focused on Old Navy’s comparable sales performance, which is seen as the critical swing factor for the retailer’s overall turnaround. While the namesake Gap brand recently delivered standout double-digit growth, the company’s largest banner, Old Navy, has struggled with fashion misses in seasonal categories like dresses. Markets will also scrutinize gross margin stability and management’s full-year guidance as the firm navigates macroeconomic headwinds and potential tariff impacts on its supply chain.