*Operating cash flow increased 42% to $51.2 billion for the trailing twelve months, compared with $36.0 billion for the trailing twelve months ended June 30, 2019. *Free cash flow increased to $31.9 billion for the trailing twelve months, compared with $25.0 billion for the trailing twelve months ended June 30, 2019. *Net sales increased 40% to $88.9 billion in the second quarter, compared with $63.4 billion in second quarter 2019. Excluding the $582 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 41% compared with second quarter 2019. *Operating income increased to $5.8 billion in the second quarter, compared with operating income of $3.1 billion in second quarter 2019. *Net income increased to $5.2 billion in the second quarter, or $10.30 per diluted share, compared with net income of $2.6 billion, or $5.22 per diluted share, in second quarter 2019.

Great Place to Work and FORTUNE have named Old Navy one of the 2017 Best Workplaces for Diversity. The ranking considered more than 440,000 employee surveys from organizations in a wide range of industries across the U.S. Great Place to Work, a research and consulting firm, evaluated more than 50 elements of team members’ experience on the job. These included professional development, behaviors linked to innovation, leadership confidence and consistent treatment among employees of different backgrounds. The ranking also accounted for the share of women, people of color, Baby Boomers and LGBT individuals in the workplace. Old Navy was also named to the 2017 “Best Workplaces in Retail” list. Click Read More below for additional information.

Surfer Magazine, the iconic title that served the surfing community for 60 years, is back in print. The publication put out its first print edition in four years, a limited edition of 50,000 copies. The cover of the issue features world champion surfer Kelly Slater, who also contributes copy to the magazine. Jake Howard is the editor of the new Surfer.