🟢 The Gap is trading 14.81% up today in pre-market after adjusted EPS beat

The Gap is trading at $23.70, +14.81% in pre-market after its August 27 earnings release beat adjusted EPS expectations at $0.52 and management raised adjusted fiscal-year EPS guidance.

• Revenue declined 2% to $3.65 billion.
• Management appointed Michael Francis to lead Old Navy after comparable sales fell 4%.
• Strong Gap-brand growth and improved margins outweighed the sales miss and Old Navy weakness; guidance rose to $2.35–$2.45.