09:59 AM EDT, 08/29/2024 (MT Newswires) -- Gap (GAP) reported fiscal Q2 earnings Thursday of $0.54 per diluted share, up from $0.32 a year earlier.

Analysts polled by Capital IQ expected $0.41.

Net sales for the quarter ended Aug. 3 were $3.72 billion, up from $3.55 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.63 billion.

The company said it expects Q3 net sales to be "up slightly."

For fiscal 2024, the company reaffirmed its net sales outlook of "up slightly on a 52-week basis."

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