Gap raised its fiscal 2026 adjusted earnings-per-share forecast to $2.35-$2.45 from $2.30-$2.40 and guided full-year revenue to $15.55 billion-$15.63 billion, above a $15.53 billion consensus, while projecting third-quarter revenue of about $3.96 billion-$4 billion. Second-quarter revenue fell 2% to $3.65 billion, slightly below the $3.69 billion estimate, but adjusted earnings of 52 cents per share beat the 48-cent consensus as companywide comparable sales declined 1%. The namesake Gap brand posted a 10% comparable-sales increase, Banana Republic rose 3%, Old Navy fell 4% and Athleta dropped 12%; online sales, 35% of the total, declined 1%. Gap named Michael Francis president and CEO of Old Navy, with Haio Barbeito moving to an advisory role. Shares jumped about 11.45% after hours to $23.17.