Gap to report Q2 sales growth as the 55-year-old company strives for a comeback

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Richard Dickson News

Earnings Per Share,Old Navy,Sales Growth

Gap is in the midst of its turnaround plan.

) is set to post positive sales growth for the second quarter in a row as it attempts to reinvigorate its brands.

CEO Richard Dickson is working on a turnaround of the classic retailer. As part of that, it changed its ticker symbol on the New York Stock Exchange last week. "We are all working against a backdrop of macroeconomic uncertainty," Dickson said to Yahoo Finance, adding that while Gap is maintaining caution about how consumers are tracking, "there's always winners in every space."Morgan Stanley analyst Alex Straton, who has an Overweight rating on shares, sees upside for earnings in the second half of the year, given "incremental confidence" in Dickson's strategy and the turnaround execution.

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