Gap Inc.
Verified 18 Aug 2026 · source as of 18 Aug 2026
History of Gap Inc.
47 dated events · 3 types
2026
Earnings · Financial
Gap Inc. reported quarterly results
full year earnings: “On a reported basis, the Company now expects full year diluted earnings per share to be approximately $3.77 to $3.87.”
full-year sales: “The Company's updated full-year net sales outlook of up 1% to 1.5% now assumes Old Navy comparable sales of flat to down 1%, compared with the prior range of flat to up 1%, reflecting the brand's second-quarter performance.” Previous: “The Company's updated full-year net sales outlook of up 1% to 1.5% now assumes Old Navy comparable sales of flat to down 1%, compared with the prior range of flat to up 1%, reflecting the brand's second-quarter performance.”
SEC filingas of
Earnings · Financial
Net sales of $3.5 billion were up 1% compared to last year.
full year earnings: “On a reported basis, the Company expects full year diluted earnings per share to be approximately $2.83 to $2.93, operating expense leverage, and operating margin expansion each including the impact of non-recurring items.”
SEC filingas of
Earnings · Financial
Net sales of $4.2 billion were up 2% compared to last year.
full year earnings: “Including the net benefit of both the gain and donation, the company expects full year reported diluted earnings per share to be approximately $2.71 to $2.86, reported operating expense leverage, and reported operating margin expansion.”
SEC filingas of
2025
Earnings · Financial
Net sales of $3.9 billion were up 3% compared to last year.
full year margin: “Reports Third Quarter Fiscal 2025 Results, Raises Full Year Outlook for Operating Margin Net sales up 3% versus last year, exceeded outlook Comparable sales up 5%, positive for 7th consecutive quarter Gross margin of 42.4%, exceeded outlook Fiscal 2025 net sales growth outlook increases to high end of prior guidance range SAN FRANCISCO – November 20, 2025 – Gap Inc.”
SEC filingas of
2024
Earnings · Financial
Net sales of $3.7 billion were up 5% compared to last year.
third quarter margin: “Forward-looking statements include statements regarding the following: unlocking our full potential; our four strategic priorities including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; leaning into denim through in-store and online experiences and new campaigns; Old Navy’s strength and operational rigor; repeating creative expressions that leverage our heritage, are rooted in music and dance, and declare a trend statement; our progress in revitalizing Gap brand; transitioning Banana Republic into a stronger brand; Athleta’s growth potential; expected comparable sales at Athleta for the remainder of 2024; our marketing strategy evolution; becoming a digital-first, high-performing apparel company; our mission, purpose, vision, and values energizing and defining our company; our strategic transformation; executing with excellent in the second half of 2024; delivering consistent results, generating sustainable and profitable growth, and delivering long-term shareholder value; expected third quarter 2024 inventory; maintaining inventory discipline; our dividend policy; expected 2024 net sales; the expected impacts of the loss of the 53 rd week and timing shifts on net sales and ROD in 2024; expected gross margin in 2024; expected commodity costs in 2024; the expected impact of managing inventory in 2024; expected ROD in 2024; expected SG&A in 2024 and in the third and fourth quarters of 2024; the expected impacts of savings actions in 2024; identifying the next phase of savings actions to drive value creation; expected operating income growth in 2024; expected third quarter 2024 net sales; expected third quarter 2024 gross margin; expected promotional activity in the third quarter of 2024; our expected effective tax rate in 2024; and expected capital expenditures in 2024.”
SEC filingas of
Earnings · Financial
Net sales of $3.4 billion were up 3% compared to last year.
second quarter margin: “Forward-looking statements include statements regarding the following: our strategic priorities, including maintaining and delivering financial and operational rigor, reinvigorating our brands, strengthening our platform, and energizing our culture; our financial footing and positioning; our brand reinvigoration playbook, including building stronger brand identities and purpose, delivering trend-right products, amplifying our products through more compelling storytelling, cultural relevance and marketing, providing a more engaging omnichannel experience, and executing with excellence; reasserting Old Navy; improved consistency in Old Navy performance; Old Navy's potential in the active market; Old Navy winning market share in key categories; reigniting Gap brand; the health of Gap's core; expected linen deliveries and leadership in linen for Gap brand; repeating creative expressions at Gap brand to drive relevance and revenue; Gap brand's collaboration strategy; building a stronger foundation at Gap brand to drive consistent performance; reestablishing Banana Republic; improving the fundamentals at Banana Republic; setting the stage for improved future performance at Banana Republic; resetting Athleta; Athleta's long-term potential; the expected impact of last year's discounting on Athleta's second quarter 2024 net sales; our new media agency partner and the expected benefits of the partnership; driving relevance and revenue; becoming a high-performing house of iconic brands; expected second quarter 2024 inventory; our second quarter 2024 dividend; expected 2024 net sales; the expected impact of the loss of the 53rd week on net sales in 2024; the expected impact of the 53rd week on the quarterly cadence of sales in 2024; expected impacts related to the trade situation in the Red Sea in 2024; expected impacts related to consumer and macroeconomic dynamics in 2024; the expected impact of the CFPB's ruling on credit card late fees and other levers within our credit card program in 2024; expected 2024 gross margin; expected commodity cost impacts in 2024; disciplined inventory management in 2024; expected ROD in 2024; expected SG&A/operating expense in 2024; expected second quarter 2024 SG&A/operating expense; identifying cost efficiencies across the business; expected 2024 operating income; expected 2024 effective tax rate; expected 2024 capital expenditures; expected second quarter 2024 net sales; expected second quarter 2024 gross margin; expected commodity cost impacts in the second quarter of 2024; expected ROD in the second quarter of 2024; and generating sustainable, profitable growth, and delivering long-term value for our shareholders.”
SEC filingas of
Earnings · Financial
Store sales increased 4% compared to last year.
full year margin: “Full Year Fiscal 2024 Full Year Fiscal 2024 Outlook Full Year Fiscal 2023 Results Net sales Roughly flat on a 52-week basis $14.9 billion Gross margin At least 50 bps expansion 38.8% Operating expense Approximately $5.1 billion $5.17 billion (adjusted) Operating income Low-to-mid teens growth $606 million (adjusted) Effective tax rate Approximately 28% 9.7% Capital expenditures Approximately $500 million $420 million First Quarter Fiscal 2024 First Quarter Fiscal 2024 Outlook First Quarter Fiscal 2023 Results Net sales Roughly flat $3.3 billion Gross margin At least 100 bps expansion 37.2% (adjusted) Operating expense Approximately $1.2 billion $1.20 billion (adjusted) Webcast and Conference Call Information Emily Gacka, Director of Investor Relations at Gap Inc., will host a conference call to review the company’s fourth quarter and fiscal year 2023 results beginning at approximately 2:00 p.m.”
SEC filingas of
2023
2022
Earnings · Financial
Net sales of $3.86 billion, down 8% compared to last year.
second quarter sales: “Forward-looking statements include statements regarding the following: winning in any macroenvironment; Old Navy’s growth potential; Athleta’s growth potential; Athleta’s long-term revenue CAGR; delivering long-term value and profitable growth; leveraging our portfolio to compete and win; reducing inventory in the second half of 2022; impairing unproductive inventory; reducing future receipts; rebalancing our assortments; reducing overhead/operating costs and related actions; reevaluating technology, digital and marketing investments; fortifying our balance sheet; expected Athleta and Old Navy store openings in 2022; expected Gap and Banana Republic store closures in 2022; maintaining core category leadership in the second half of 2022; Old Navy’s value positioning to attract customers; adding balance and relevance to Old Navy’s assortment; maintaining Old Navy’s leadership in Denim, Active, and Kids & Baby; optimizing Old Navy’s BODEQUALITY offering in stores; stocking core sizes at Old Navy; fixing category mix imbalances at Gap; market share gains for Athleta; Athleta’s positioning for the second half of 2022; capitalizing on secular shifts and growth in health and wellness at Athleta; driving outsized growth at Athleta in the long-term; the expected benefits of having cleared unproductive inventory in the second quarter of 2022; air freight expense in the second half of 2022; inflationary cost deleverage in the second half of 2022; ROD in the second half of 2022; inventory growth in the second half of 2022; leaning into our responsive levers in 2023 to align inventory with demand; the timing of expected benefits from operating expense reductions; the expected benefit of the planned sale of our UK Distribution Center; our pack and hold strategy and its expected benefits; our ability to integrate pack and hold inventory with future assortments; inventory improvement and productivity; our brands taking advantage of reinstated responsive capabilities and chasing into demand in 2022 and 2023; ending inventories for the third and fourth quarters of 2022; cash levels in the second half of 2022 and 2023; expected capital expenditures in 2022; our dividend policy; our share repurchase program; delivering growth, margin expansion, and long-term shareholder value; optimizing profitability and cash flow in the near term; our strategic direction and potential; and revenue expectations generally in the second half of 2022.”
SEC filingas of
Earnings · Financial
fiscal year earnings: “REPORTS FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS; PROVIDES 2022 OUTLOOK Fourth quarter 2021 net sales of $4.5 billion increased 2% year-over-year and were down 3% compared to 2019; Comparable sales were up 3% year-over-year and increased 3% versus 2019 Fiscal year 2021 net sales of $16.7 billion increased 21% year-over-year and were up 2% compared to fiscal year 2019; Comparable sales were up 6% year-over-year and increased 8% versus 2019 Fiscal year 2021 reported diluted earnings per share was $0.67 with adjusted diluted earnings per share of $1.44 Returned over $400 million to shareholders in fiscal 2021 through dividend program and share repurchase plan Fiscal year 2022 reported diluted earnings per share is expected to be in the range of $1.95 to $2.15 with adjusted diluted earnings per share in the range of $1.85 to $2.05 SAN FRANCISCO – March 3, 2022 – Gap Inc.”
fiscal year margin: “Operating Margin: The company expects to deliver operating margin of 6.3% to 6.8% on a reported basis and 6.0% to 6.5% on an adjusted basis in fiscal year 2022.”
fiscal year sales: “The company provided the following additional guidance: Net Sales: The company expects fiscal year 2022 revenue growth to be in the low single-digit range versus fiscal year 2021 with first quarter net sales expected to be down mid to high-single digits versus the first quarter of 2021.”
SEC filingas of
2021
Earnings · Financial
Gap Inc. reported quarterly results
full-year earnings: “2021 Outlook The company now expects its reported full-year diluted earnings per share to be in the range of $0.45 to $0.60, which includes a $325 million loss on extinguishment of debt and approximately $120 million in net charges primarily related to divestitures and changes to its European operating model.”
fiscal year margin: “Operating Margin: The company now expects its reported operating margin for fiscal year 2021 to be about 4.5%, with adjusted operating margin expected to be about 5%, on track to achieving a 10% operating margin by the end of 2023.”
SEC filingas of
Earnings · Financial
full year earnings: “Excluding these charges, full year earnings per share on an adjusted basis are expected to be in the range of $2.10 to $2.25.”
fiscal year sales: “Net Sales: The company now expects net sales growth for fiscal year 2021 to be about 30% versus 2020.”
SEC filingas of
Earnings · Financial
full year earnings: “Excluding charges associated with divestiture activity related to the Janie and Jack and Intermix businesses, full year earnings per share on an adjusted basis are expected to be in the range of $1.60 to $1.75.”
SEC filingas of
Earnings · Financial
Gap Inc. reported quarterly results
fiscal year earnings: “For fiscal year 2021, the company expects diluted earnings per share to be in the range of $1.20 to $1.35.”
SEC filingas of
2020
Earnings · Financial
Notably, 40% of the company’s sales were online in the third quarter.
SEC filingas of
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