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Gap Inc (GAP)
NYSE:GAP
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 2.77%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong and positive overall sentiment, with significant financial achievements and market share gains across all brands, despite some challenges faced by the Athleta brand and impacts from the 53rd week loss.Company Guidance
During the fourth quarter of fiscal year 2024, The Gap, Inc. delivered impressive financial results, with comparable sales up 3% across the portfolio, marking the fourth consecutive quarter of positive comps. Old Navy, the largest brand, also reported a 3% increase in comparable sales and achieved its eighth consecutive quarter of market share gains. The Gap brand saw a 7% rise in comps, marking its fifth consecutive quarter of positive performance, while Banana Republic achieved a 4% increase. However, Athleta faced challenges with a 2% decline in comps. The company enhanced its gross margin by 250 basis points year-over-year to 38.9% and expanded its operating margin by 330 basis points to 7.4% for the full year, with operating income growing by over $500 million. Earnings per share reached $2.20, the highest since 2018, and the company ended the year with strong cash balances of approximately $2.6 billion and generated $1 billion in free cash flow. Looking ahead, The Gap, Inc. expects net sales to grow by 1-2% in fiscal 2025, with continued gross margin expansion and SG&A leverage, aiming for 8-10% growth in operating income.Record-Breaking Year-End Results
The Gap, Inc. delivered positive comps in all four quarters of 2024, with all brands comping flat to positive for the year. The company achieved one of its highest gross margins in the last 20 years, increased operating income by over $500 million, and achieved the highest EPS since 2018 at $2.20.
Market Share Gains Across All Brands
The Gap, Inc. gained market share for the eighth consecutive quarter, led by Old Navy's leadership as the number one specialty power brand and retailer in the US. Gap brand accelerated to 7% comps, marking its fifth consecutive quarter of positive comps.
Strong Financial Position
The company ended the year with $2.6 billion in cash and generated $1 billion in free cash flow, allowing for a strong balance sheet and the ability to invest in growth opportunities.
Operational and Financial Rigor
The company expanded operating margin by 330 basis points compared to last year's adjusted margins, demonstrating significant progress in cost structure management and financial discipline.
Brand Reinvigoration Success
Old Navy delivered one of its highest annual net sales in history, and Banana Republic saw notable improvement with a 4% comp increase. Both brands showed signs of sustained growth and market relevance.
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GAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GAP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $19.48 | $23.15 | +18.84% |
| Nov 21, 2024 | $21.90 | $24.71 | +12.83% |
| Aug 29, 2024 | $22.49 | $22.13 | -1.60% |
| May 30, 2024 | $22.07 | $28.38 | +28.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gap Inc (GAP) report earnings?
Gap Inc (GAP) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Gap Inc (GAP) earnings time?
Gap Inc (GAP) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GAP EPS forecast?
GAP EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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