Gap shares halted after apparent early earnings release

Gap shares halted after apparent early earnings release


Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. 

Nurphoto | Nurphoto | Getty Images

Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early.

The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning.

The earnings no longer appeared to be posted on Gap’s site when the stock was halted just before 10 a.m. ET. Shares were down nearly 1% before the trading pause.

Gap did not immediately respond to a request for comment.

Gap’s earnings come as CEO Richard Dickson, who took the helm last year, tries to lead a sales turnaround at the legacy retailer. The company showed early positive signs in its first quarter, when it posted comparable sales growth at all four of its brands, Gap, Banana Republic, Athleta and Old Navy.

Investors are watching a jammed week of retail earnings for signs of whether consumer spending is slowing down in the second half of the year. Dollar General shares plummeted on Thursday morning after the discount retailer slashed its sales and profit outlook, citing in part “financially constrained” lower-income consumers.

Both American Eagle Outfitters and Best Buy showed progress in boosting profits when they reported earnings Thursday. But the apparel retailer gave a muted outlook for its second half, while the electronics giant is still working to return to sales growth.

Lululemon and Ulta Beauty are also due to post results after the bell Thursday.

This story is developing. Please check back for updates.



Source

Trump taps CFPB director nominee Jonathan McKernan for Treasury post
Politics

Trump taps CFPB director nominee Jonathan McKernan for Treasury post

Jonathan McKernan testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump plans to nominate Jonathan McKernan to be undersecretary of domestic finance at the Treasury Department, months after the president tapped McKernan to lead the […]

Read More
Trump administration ‘looking at’ suspending habeas corpus, Stephen Miller says
Politics

Trump administration ‘looking at’ suspending habeas corpus, Stephen Miller says

White House deputy chief of staff for policy Stephen Miller speaks to the media outside the White House in Washington, D.C., U.S., May 9, 2025. Kent Nishimura | Reuters White House deputy chief of staff for policy Stephen Miller said Friday that the Trump administration is “actively looking at” suspending the writ of habeas corpus, […]

Read More
Newark mayor arrested for alleged trespass at New Jersey ICE detention facility
Politics

Newark mayor arrested for alleged trespass at New Jersey ICE detention facility

Mayor Ras Baraka of Newark speaks to the press near ICE agents at a demonstration outside an immigrant detention centre in Elizabeth, New Jersey May 7, 2025. Timothy A. Clary | AFP | Getty Images Newark Mayor Ras Baraka was arrested Friday for allegedly trespassing inside a U.S. Immigration and Customs Enforcement detention center in […]

Read More