Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.

Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.

Old Navy comparable sales grew just 1% in the first quarter, well below the 3% analysts had expected

The results underscore a widening split in consumer spending, with record-low sentiment driven by the Iran war forcing lower-income households to cut back, even as higher-income…

Gap Inc (NYSE: GAP) shares are dipping Friday after a mixed first‑quarter update and a cut to its full‑year sales outlook.