NEW YORK (AP) — THE RESULTS: Gap Inc. reported a 29 percent increase in net income and a 6 percent increase in revenue for the second quarter.
BEHIND THE RESULTS: The company's move to liven up its fashions with brightly colored jeans and tops has helped to excite shoppers.
THE OUTLOOK: Gap now expects earnings per share for the full year to be in the range of $1.95 to $2. That's up from the original forecast of $1.78 to $1.83. Analysts had expected $2.09 per share.