Gap Inc. Q3 2025 earnings are out, and Old Navy delivered another strong performance with comparable sales up 6%, marking our two-year trend of market share gains, driven by great product, clear storytelling, and the joy that only our brand can bring! The quarter was fueled by a robust back-to-school season, along with continued strength in Denim and Activewear. We also launched a new collection of Handbags, expanded our Beauty offering, and debuted our first-ever designer collaboration with fashion legend Anna Sui – all while continuing to focus on value, style, and accessibility! Thank you to the teams across our stores, headquarters and distribution centers for your creativity, dedication, and focus on bringing our brand to life for our customers. “The progress we’re making belongs to you – you bring our purpose to life every single day. I’m proud of what we’ve accomplished together and excited for what’s ahead.” – Haio Barbeito, Old Navy CEO
-
-
-
-
-
+1
“Impressive results, and well deserved. Consistent comparable-sales growth at this scale reflects strong product strategy, disciplined execution, and teams who clearly understand their customer. Old Navy’s ability to deliver value, style, and accessibility while expanding categories is a powerful advantage. Congratulations to all teams on a strong quarter.” 👖 👔
Such an exciting update — love seeing strong results tied to storytelling, accessibility, and collaborations like the Anna Sui drop. Huge congrats to the teams across stores and HQ who are bringing the brand to life every day.
Love seeing Old Navy keep winning. Feels like they really listened to what people want.
Old Navy’s 6% comp growth is strong, but the real story sits beneath it: you’re winning because your category mix is quietly outperforming your margin models. Denim and Activewear aren’t just volume drivers — they’re stabilizers. They smooth volatility across seasons and reduce dependency on promotional cadence. But here’s the blind spot most retailers miss: Old Navy’s value positioning means customers treat it like a predictable inflation hedge. That shift isn’t in your dashboards yet. It means demand is becoming counter-cyclical, not purely fashion-driven. If Old Navy builds a strategy around that insight, market share gains won’t just continue — they’ll compound.