After disappointing Old Navy performance, Gap shares tumble 14% as retailer reduces sales guidance
Corroborated by 5 sources from 5 publishers
TL;DR
Gap Shares Plummet After Retailer Cuts Sales Outlook watch now Gap shares fall more than 12% on mixed results, Q1 same-store sales miss expectations CNBCs Gabrielle Fonrouge joins 'Closing Bell Overtime' with Gap earnings. 00:55 9 minutes ago watch now CNBCs Gabrielle Fonrouge joins 'Closing Bell Overtime' with Gap earnings. 00:55 9 minutes ago Gap shares tumble 13% as Q1 revenue fails to meet analyst expectations On Thursday, Gap Inc.
Sources
1
Bloomberg Industries
https://www.bloomberg.com/news/articles/2026-05-28/gap-lowers-sales-outlook-as-old-navy-banana-republic-falter
2
CNBC 100004038
https://www.cnbc.com/video/2026/05/28/gap-shares-fall-more-than-12-percent-on-mixed-results-q1-same-store-sales-miss-expectations.html
3
Investing.com News
https://www.investing.com/news/earnings/gap-shares-tumble-13-as-q1-revenue-fails-to-meet-analyst-expectations-93CH-4715626
4
Yahoo Finance News
https://finance.yahoo.com/markets/stocks/articles/gap-inc-posts-yet-another-212945437.html
5
CNBC 10000116
https://www.cnbc.com/2026/05/28/gap-gap-earnings-q1-2026.html
6
Dow Jones U.S. Business
https://www.wsj.com/business/earnings/gap-cuts-full-year-sales-outlook-citing-slower-old-navy-growth-693428f0?mod=pls_whats_news_us_business_f
7
Yahoo Finance News
https://www.wsj.com/business/earnings/gap-cuts-full-year-sales-outlook-citing-slower-old-navy-growth-693428f0?siteid=yhoof2&yptr=yahoo
8
Yahoo Finance News
https://finance.yahoo.com/markets/stocks/articles/gap-gap-q1-2026-earnings-234125425.html