← The Gap overview

The Gap vs Ross Stores: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

The Gap, Inc. (GAP)

Q3 2026
▲2▼2

Gap's earnings beat and new Old Navy CEO lift shares, but tariffs and weak sales weigh

  • Q2 earnings beat and raised outlook Gap reported adjusted earnings of 52 cents per share, beating the 48-cent consensus, and raised its full-year profit outlook to $2.35-$2.45. This shows the company is more profitable than expected, which pushes the stock up.

    This is the main new event that directly caused the stock to surge.

  • New Old Navy CEO appointed Gap named Michael Francis as CEO of Old Navy, its largest brand, starting November 2. Investors hope he can turn around the struggling brand, which has seen declining sales, and this optimism lifts the stock.

    This is a new leadership change that investors see as a potential fix for a key problem.

  • Vietnam tariff hits supply chain Vietnam, a key production base for Gap, was hit with a 12.5% US tariff, higher than rivals like Bangladesh and Indonesia. This raises Gap's costs and makes its supply chain less competitive, which could hurt profits and push the stock down.

    This is a new tariff event that directly affects Gap's cost structure.

  • Weak sales and reliance on tariff refunds Gap's overall sales fell 2% and same-store sales dropped 1%. Also, most of the gross margin improvement came from one-time tariff refunds, not core operations. This suggests underlying business is still weak, which could limit future gains.

    This is a new detail from the earnings report that provides a counterweight to the positive earnings beat.

August 2026
▲2▼2

Gap's earnings beat and new Old Navy CEO lift shares, but tariffs and weak sales weigh

  • Q2 earnings beat and raised outlook Gap reported adjusted earnings of 52 cents per share, beating the 48-cent consensus, and raised its full-year profit outlook to $2.35-$2.45. This shows the company is more profitable than expected, which pushes the stock up.

    This is the main new event that directly caused the stock to surge.

  • New Old Navy CEO appointed Gap named Michael Francis as CEO of Old Navy, its largest brand, starting November 2. Investors hope he can turn around the struggling brand, which has seen declining sales, and this optimism lifts the stock.

    This is a new leadership change that investors see as a potential fix for a key problem.

  • Vietnam tariff hits supply chain Vietnam, a key production base for Gap, was hit with a 12.5% US tariff, higher than rivals like Bangladesh and Indonesia. This raises Gap's costs and makes its supply chain less competitive, which could hurt profits and push the stock down.

    This is a new tariff event that directly affects Gap's cost structure.

  • Weak sales and reliance on tariff refunds Gap's overall sales fell 2% and same-store sales dropped 1%. Also, most of the gross margin improvement came from one-time tariff refunds, not core operations. This suggests underlying business is still weak, which could limit future gains.

    This is a new detail from the earnings report that provides a counterweight to the positive earnings beat.

Latest
▲2▼2

Gap's earnings beat and new Old Navy CEO lift shares, but tariffs and weak sales weigh

  • Q2 earnings beat and raised outlook Gap reported adjusted earnings of 52 cents per share, beating the 48-cent consensus, and raised its full-year profit outlook to $2.35-$2.45. This shows the company is more profitable than expected, which pushes the stock up.

    This is the main new event that directly caused the stock to surge.

  • New Old Navy CEO appointed Gap named Michael Francis as CEO of Old Navy, its largest brand, starting November 2. Investors hope he can turn around the struggling brand, which has seen declining sales, and this optimism lifts the stock.

    This is a new leadership change that investors see as a potential fix for a key problem.

  • Vietnam tariff hits supply chain Vietnam, a key production base for Gap, was hit with a 12.5% US tariff, higher than rivals like Bangladesh and Indonesia. This raises Gap's costs and makes its supply chain less competitive, which could hurt profits and push the stock down.

    This is a new tariff event that directly affects Gap's cost structure.

  • Weak sales and reliance on tariff refunds Gap's overall sales fell 2% and same-store sales dropped 1%. Also, most of the gross margin improvement came from one-time tariff refunds, not core operations. This suggests underlying business is still weak, which could limit future gains.

    This is a new detail from the earnings report that provides a counterweight to the positive earnings beat.

Ross Stores Inc (ROST)

Q3 2026
▲3

Ross Stores Q3: Earnings Beat, Guidance Raised, Tariff Refund Boosts

  • Earnings Beat and Raised Guidance Ross Stores beat Q2 estimates with EPS of $2.06 and revenue of $6.26 billion, up 13%. Management raised full-year EPS guidance to $8.61–$8.77 from $7.50–$7.74, signaling confidence.

    This is the core positive news that drove the stock in Q3.

  • Strong Comparable-Store Sales Growth Comparable-store sales jumped 10% on higher traffic and new customers, showing robust demand for Ross's off-price merchandise.

    It highlights the underlying business strength that impressed investors.

  • One-Time Tariff Refund Boosts EPS A $253 million tariff refund added roughly 60 cents to EPS, though this was a one-time benefit. It significantly boosted reported earnings.

    It explains a major part of the earnings beat, but is non-recurring.

  • Store Expansion and Competitive Risks Store expansion remains on track with 47 new openings in July and the 2026 plan raised to 115 locations. However, competition from TJX and Burlington, plus potential future tariffs, could pressure margins.

    It shows growth initiatives but also real risks that temper the outlook.

July 2026
▲3

Ross Stores Beats Q2, Raises Outlook on Strong Demand and Tariff Refund

  • Q2 earnings beat and raised full-year guidance Ross Stores reported Q2 EPS of $2.06, beating the $1.93 estimate, and revenue of $6.26 billion, up 13%. It raised full-year EPS guidance to $8.61-$8.77 from $7.50-$7.74. This signals stronger future profits, pushing the stock up.

    This is the core new event that directly drove the stock higher this period.

  • 10% comparable-store sales growth Q2 comparable-store sales jumped 10%, driven by increased traffic and new customers. This shows the off-price model is resonating with value-seeking shoppers, boosting revenue and profit, which lifts the stock.

    Strong comps are a key driver of the beat and future growth, directly impacting the stock price.

  • $253 million tariff refund boosted earnings Ross received a $253 million tariff refund, adding about 60 cents to EPS. While this is a one-time benefit, it still boosted reported earnings and helped fund growth, pushing the stock up.

    The tariff refund was a significant factor in the earnings beat and guidance raise, directly affecting the stock price.

  • Competition and future tariff risks Ross faces competition from TJX and Burlington, and potential future tariffs could pressure margins. These risks may limit upside, but strong execution and flexible buying have so far outweighed them.

    This provides a balanced view of the risks that could affect future performance and stock price.

Latest
▲3

Ross Stores Beats Q2, Raises Outlook on Strong Demand and Tariff Refund

  • Q2 earnings beat and raised full-year guidance Ross Stores reported Q2 EPS of $2.06, beating the $1.93 estimate, and revenue of $6.26 billion, up 13%. It raised full-year EPS guidance to $8.61-$8.77 from $7.50-$7.74. This signals stronger future profits, pushing the stock up.

    This is the core new event that directly drove the stock higher this period.

  • 10% comparable-store sales growth Q2 comparable-store sales jumped 10%, driven by increased traffic and new customers. This shows the off-price model is resonating with value-seeking shoppers, boosting revenue and profit, which lifts the stock.

    Strong comps are a key driver of the beat and future growth, directly impacting the stock price.

  • $253 million tariff refund boosted earnings Ross received a $253 million tariff refund, adding about 60 cents to EPS. While this is a one-time benefit, it still boosted reported earnings and helped fund growth, pushing the stock up.

    The tariff refund was a significant factor in the earnings beat and guidance raise, directly affecting the stock price.

  • Competition and future tariff risks Ross faces competition from TJX and Burlington, and potential future tariffs could pressure margins. These risks may limit upside, but strong execution and flexible buying have so far outweighed them.

    This provides a balanced view of the risks that could affect future performance and stock price.

August 2026
▲4

Ross Stores Q2 Beat and Raised Outlook Drive Stock Higher

  • Q2 earnings and revenue beat estimates Ross Stores reported Q2 EPS of $2.06, beating the $1.93 estimate, and revenue of $6.26 billion, beating by 1.89%. This shows the company is growing profitably, which pushes the stock up because investors pay more for companies that beat expectations.

    This is the core new event that directly caused the stock to jump.

  • Raised full-year 2026 outlook Ross raised its FY2026 EPS forecast to $8.61-$8.77 from $7.50-$7.74, including a 60-cent boost from tariff refunds. It also expects Q3 comparable sales up 6-7% and Q4 up 4-5%. Higher guidance signals stronger future profits, lifting the stock.

    This is the main new driver of the stock's move, as it changes future earnings expectations.

  • Strong comparable-store sales growth Q2 comparable-store sales jumped 10%, driven by increased traffic and new customers. This shows the off-price model is resonating with value-seeking shoppers, which boosts revenue and profit, pushing the stock up.

    It explains the underlying demand strength that fueled the earnings beat and raised outlook.

  • Store expansion on track Ross opened 47 new stores in July and increased its 2026 store-opening plan to 115 locations. Expanding the store base grows future sales capacity, which supports a higher stock price.

    It shows the company is investing in growth, a factor that supports the stock's upward move.

▲4

Ross Stores Q2 Beat and Raised Outlook Drive Stock Higher

  • Q2 earnings and revenue beat estimates Ross Stores reported Q2 EPS of $2.06, beating the $1.93 estimate, and revenue of $6.26 billion, beating by 1.89%. This shows the company is growing profitably, which pushes the stock up because investors pay more for companies that beat expectations.

    This is the core new event that directly caused the stock to jump.

  • Raised full-year 2026 outlook Ross raised its FY2026 EPS forecast to $8.61-$8.77 from $7.50-$7.74, including a 60-cent boost from tariff refunds. It also expects Q3 comparable sales up 6-7% and Q4 up 4-5%. Higher guidance signals stronger future profits, lifting the stock.

    This is the main new driver of the stock's move, as it changes future earnings expectations.

  • Strong comparable-store sales growth Q2 comparable-store sales jumped 10%, driven by increased traffic and new customers. This shows the off-price model is resonating with value-seeking shoppers, which boosts revenue and profit, pushing the stock up.

    It explains the underlying demand strength that fueled the earnings beat and raised outlook.

  • Store expansion on track Ross opened 47 new stores in July and increased its 2026 store-opening plan to 115 locations. Expanding the store base grows future sales capacity, which supports a higher stock price.

    It shows the company is investing in growth, a factor that supports the stock's upward move.

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