recognize in had for our need hope discuss Thank are effect continuing and so challenges all this including believe and Inc., economic many will people. impacting tremendous everyone this thank we healthy, lives time The Inc. on want moment. for families we the challenging social of Gap as health, to for we you from everyone’s in has strongly importantly, your and as with you, I in leading especially At face. particularly I values, been well We everyone, the and you a standpoint. COVID the Tina joining But has us pandemic acknowledge today. business more Gap a
remainder year going quarter start of our fiscal of to the am call, today’s the with company’s review second by XXXX. followed on performance, I For a thoughts
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on So, few would like touch a highlights. to I
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provide we to further but able October, a good said, update, Meeting about Investor here. you be progress feel will all I our Virtual very with our During in
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flow. cash to turn me Let
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our to cash the flow Our of power operating generating second a business. quarter is testament cash
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sales the level high environment, fiscal the current net outlook year earnings Given time. not of this uncertainty are at we providing in a or
me back some to provide let be thoughts the However, helpful, on half.
expect sales with reflecting to the quarter, improve online of growth, versus to First, stores. reopening net following our second continued we coupled sales recovery the continue meaningful
well sales revenue potential be and Old Banana at from our offset of Athleta expect closures Republic. continued loss by of fueled unprofitable the We stores partially as Navy by as weakness to continued for performance strategic strength
it’s face in fleet, are particular, safety relates higher resulting in store applying we it store serve note that our expenses, Second, In to higher pandemic. the expenses largely important continue during our to cost as operating our meaningfully we to customers first best-in-class the we half. now as measures will to reopened
and we continue investing at as disruptive share when marketing brands higher last behind expenses environment brands And we online gaining are focus lastly, strategically a to trusted outpace in this we expected in matter. expect time shipping is addition, year. In growth as on our to
half frequency, engagement to forward values profitable As operating gain enviable to to you beyond, call including initiatives look our streamlining share, our over model power and that, our we of look file investor the a of omni And capture we the discussing the continuing execution in advantaged and fleet to brand at and and scaled with to capabilities our advantages drive I drive loyalty, our October. harnessing and distinct stores to and and trust back leveraging more amplifying scale Sonia. committed e-commerce, remain our to customer meeting turn matters, and our demand to our through at optimization. leading with and time when growth We will across
