Gap's adjusted full-year earnings guidance range is $2.35 to $2.45 per share. Previously, the forecast range was $2.30 to $2.40. Gross margin is expected to rise by about 25 to 75 basis points in the third quarter. Net sales are expected to increase by 1.5% to 2.5% in the third quarter.

Gap's adjusted full-year earnings guidance range is $2.35 to $2.45 per share. Previously, the forecast range was $2.30 to $2.40. Gross margin is expected to rise by about 25 to 75 basis points in the third quarter. Net sales are expected to increase by 1.5% to 2.5% in the third quarter.