The Gap, Inc. reported earnings results for the second quarter and six months ended July 30, 2022. For the second quarter, the company reported sales was USD 3,857 million compared to USD 4,211 million a year ago. Net loss was USD 49 million compared to net income of USD 258 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to basic earnings per share from continuing operations of USD 0.68 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to diluted earnings per share from continuing operations of USD 0.67 a year ago.
For the six months, sales was USD 7,334 million compared to USD 8,202 million a year ago. Net loss was USD 211 million compared to net income of USD 424 million a year ago. Basic loss per share from continuing operations was USD 0.57 compared to basic earnings per share from continuing operations of USD 1.12 a year ago. Diluted loss per share from continuing operations was USD 0.57 compared to diluted earnings per share from continuing operations of USD 1.1 a year ago.