Gap Inc. Reports Second Quarter Fiscal 2022 Results
Second Quarter Fiscal 2022 - Financial Results *Net sales of $3.86 billion, down 8% compared to last year. *Comparable sales were down 10% year-over-year. *Online sales declined 6% compared to last year and represented 34% of total net sales. *Store sales declined 10% compared to last year. The company ended the quarter with 3,390 store locations in over 40 countries, of which 2,799 were company operated. *Reported operating loss was $28 million in the quarter; reported operating margin of (0.7%). *Reported net loss of $49 million.