The Gap, Inc. Reports Earnings Results for the Second Quarter Ended July 31, 2021
August 26, 2021 at 04:20 pm EDT
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The Gap, Inc. announced earnings results for the second quarter ended July 31, 2021. For the second quarter, the company announced sales was USD 4,211 million compared to USD 3,275 million a year ago. Operating income was USD 409 million compared to USD 73 million a year ago.
Net income was USD 258 million compared to net loss of USD 62 million a year ago. For the half year, sales was USD 8,202 million compared to USD 5,382 million a year ago. Operating income was USD 649 million compared to operating loss of USD 1,171 million a year ago.
Net income was USD 424 million compared to net loss of USD 994 million a year ago.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
THE GAP, INC. 
