“Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance”
July 14, 2026
“Gap issued mixed fiscal first-quarter results, missing on the top line but beating on the bottom.
CEO Richard Dickson told CNBC sales at Old Navy were worse than expected after the brand’s spring and summer assortment failed to land with shoppers, leading it to cut its full-year sales outlook.
Gap is now expecting companywide sales to grow between 1% and 2%, down from a prior range of between 2% and 3%…”
https://www.cnbc.com/2026/05/28/gap-gap-earnings-q1-2026.html