A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles.Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than Wall Street anticipated. Shares jumped 17% in extended trading Thursday.The apparel retailer behind Old Navy, Banana Republic, Athleta and its namesake banner beat expectations on the top and bottom lines duri ...

2024 net sales increased 1% versus last year with comparable sales up 3% Exhibit 99.1 Fourth Quarter Fiscal 2024 - Financial Results All four brands gained market share in the year Full year operating income of $1.1 billion grew over 80% versus last year Generated $1.5 billion in operating cash flow for the year SAN FRANCISCO – March 6, 2025 – Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S., with a portfolio of brands including Old Navy, Gap, Banana Republic, and Athleta, today repor ...

2024 net sales increased 1% versus last year with comparable sales up 3%All four brands gained market share in the yearFull year operating income of $1.1 billion grew over 80% versus last yearGenerated $1.5 billion in operating cash flow for the yearSAN FRANCISCO, March 6, 2025 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S., with a portfolio of brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its fourth quarter and fi ...

Core Viewpoint - The Gap, Inc. is anticipated to report declines in both revenue and earnings for the fourth quarter of fiscal 2024, with earnings expected to be 36 cents per share, reflecting a 26.5% decrease year-over-year, while revenues are projected to rise by 5.4% to $4.1 billion [2][12]. Financial Performance Expectations - The Zacks Consensus Estimate for fourth-quarter earnings indicates a significant decline compared to the previous year, while revenue growth is expected [2]. - The company has shown a positive earnings surprise trend over the last four quarters, with an average surprise of 101.2% [3]. - The earnings whisper suggests a potential earnings beat, supported by an Earnings ESP of +11.55% and a Zacks Rank of 3 [4]. Strategic Initiatives - Management is focused on regaining market share and enhancing brand positioning through improved merchandise assortment, customer engagement, and digital commerce initiatives [5][21]. - The company has remodeled 15% of its stores and improved online shopping experiences, which are expected to contribute positively to performance [6]. Sales and Margin Outlook - Gap has raised its fiscal 2024 sales outlook, forecasting a growth of 1.5-2% on a 52-week basis, with fourth-quarter net sales growth expected to be between 1-2% [7]. - Improved margins are anticipated due to lower airfreight costs and effective cost management strategies, with gross margin expected to expand by at least 210 basis points year-over-year [8][10]. Valuation and Market Performance - The company's stock has increased by 17.7% over the past year, outperforming both the industry and the S&P 500 [13]. - Currently trading at a forward price-to-earnings ratio of 10.45X, Gap's shares are considered undervalued compared to the industry average of 17.94X, indicating a compelling investment opportunity [18]. Long-term Growth Potential - Gap's diverse brand portfolio, including Gap, Old Navy, Banana Republic, and Athleta, positions the company for sustained growth through effective cost management and customer engagement strategies [20][21]. - The company's strong fundamentals and strategic initiatives are expected to help it navigate retail challenges and maintain a positive long-term investment outlook [22][23].

Analysts on Wall Street project that Gap (GAP) will announce quarterly earnings of $0.36 per share in its forthcoming report, representing a decline of 26.5% year over year. Revenues are projected to reach $4.07 billion, declining 5.4% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Pri ...

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The Gap, Inc. (GAP) is expected to register top and bottom-line decline when it reports fourth-quarter fiscal 2024 results on March 6, after the closing bell. For revenues, the Zacks Consensus Estimate is pegged at $4.07 billion, indicating a 5.4% drop from the year-ago quarter’s figure.The consensus estimate for the bottom line is pegged at 36 cents per share, indicating a 26.5% decline from the year-ago quarter’s figure. The consensus estimate for fourth-quarter fiscal earnings has been stable in the past ...

Snowflake Inc. SNOW shares are trading much higher Thursday. The company reported earnings and investors liked what they heard.There is a chance the stock may break out above resistance and continue to move higher. This is why our trading team has made it our Stock of the Day.Fourth quarter earnings came in at 30 cents per share. The Street was looking for 18 cents.Revenue came in above estimates as well. For the quarter it was $943.3 million. This was well above the $914 million consensus. As you can see o ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Gap (GAP) reports results for the quarter ended January 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 6. On the other ...

The Gap, Inc. (GAP) has announced an increase in its first-quarter fiscal 2025 dividend, raising it to 16.50 cents per share from the previous payout of 15 cents. This 10% hike underscores Gap’s commitment to delivering consistent value to its shareholders through dividend payouts.Scheduled to be paid on or after April 30, 2025, to shareholders of record as of April 9, 2025, this move marks another milestone in Gap’s tradition of rewarding its investors with dividends. Including this raise, GAP’s annualized ...