Gap Inc (GAP) awards director Kristen Green 9,055 deferred stock units

Tilly's (TLYS) reported $163.5M revenue, up 8.1% YoY, beating estimates and raising guidance. Its stock rose 18.1%. Lululemon (LULU) reported $2.42B revenue, down 4.3% YoY, missing estimates and guidance, with its stock falling 18.7%. Gap (GAP) reported $3.65B revenue, down 2% YoY, missing estimates but raising full-year EPS guidance, with its stock up 3.5%. Abercrombie & Fitch (ANF) reported $1.27B revenue, up 4.8% YoY, beating estimates and raising guidance, with its stock up 34.8%.

Unusual options activity highlighted institutional bets on Macy's (M), Gap (GAP), Occidental Petroleum (OXY), and Carnival (CCL). Macy's reported strong earnings, raising guidance. OXY saw significant call options activity amid higher oil prices. CCL and Royal Caribbean (RCL) options suggest bets on cruise industry volatility due to oil prices.

BMO Capital initiated coverage on Gap, Inc. (NYSE:GAP) with a Market Perform rating and a $23.00 price target, citing concerns about Old Navy's performance. The stock trades at $22.38. BMO expects valuation pressure until Old Navy shows improvement. Gap's Q2 earnings beat expectations, with revenue at $3.7 billion, and the company raised its full-year outlook. Analysts have mixed views, with price targets ranging from $21 to $42.

Gap Inc. completed closing 350 stores, shifting focus to higher-productivity locations. Q2 results showed a 2% sales decline but increased profitability. The Gap brand performed well, while Old Navy underperformed. The company appointed a new CEO for Old Navy and returned $262 million to shareholders. Analysts have mixed views on the company's future.

Gap, Inc. (NYSE:GAP) named Michael Francis as Old Navy's CEO, effective November 2. Q2 results showed Old Navy's net sales fell 4% YoY to $2.1B, with comparable sales down 4%, ending a 12-quarter streak. Gap's namesake brand saw 10% comparable sales growth. Shares jumped 14% post-earnings, with operating income doubling to $676M and net income to $501M. Old Navy's underperformance led to narrowed full-year guidance.

Gap Inc. (NYSE:GAP) reported Q2 revenue of $3.65B, missing estimates, but beat EPS estimates. Shares rose 12.9% post-earnings. CEO Dickson's turnaround efforts are debated. Old Navy, its largest brand, saw a 4% sales drop. The company raised FY2026 EPS guidance but cut full-year revenue guidance.