Gap (GPS) reported $4.3 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 1.3%. EPS of $0.49 for the same period compares to -$0.75 a year ago.The reported revenue represents a surprise of +2.03% over the Zacks Consensus Estimate of $4.21 billion. With the consensus EPS estimate being $0.20, the EPS surprise was +145.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Gap Inc. Fiscal 2023 F O UR T H QUA R T E R RE S ULT S Forward Looking Statements / Non-GAAP Financial Measures FOR W AR D L OOK I NG S T AT EMENT S This conference call and webcast contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Forward- looking statements include statements identified as such in our March 7, 2024, earnings press release. ...

Gap (GPS) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 145%. A quarter ago, it was expected that this clothing chain would post earnings of $0.20 per share when it actually produced earnings of $0.59, delivering a surprise of 195%.Over the last four quarters, the company has surpassed ...

In this articleGPSA general view of an Old Navy store. Gap Inc.Gap's largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street's expectations. Sales at Old Navy grew 6% to $2.29 billion, and Gap's overall gross margin surged 5.3 percentage points to 38.9% thanks to fewer markdowns and lower input costs. Analysts had expected a gross margin of 36%, according to StreetAccoun ...

Fourth Quarter Net Sales Increased with Market Share Gains Fourth Quarter Operating Margin Expansion Reflects Continued Financial and Operational Rigor  Full Year Operating Cash Flow of $1.5 Billion; Ended Fiscal Year with Cash Balance of $1.9 Billion SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS), 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 ...

Exhibit 99.1 Gap Inc. Reports Fourth Quarter and Fiscal 2023 Results; Provides Fiscal 2024 Outlook Fourth Quarter Net Sales Increased with Market Share Gains Fourth Quarter Operating Margin Expansion Reflects Continued Financial and Operational Rigor Full Year Operating Cash Flow of $1.5 Billion; Ended Fiscal Year with Cash Balance of $1.9 Billion SAN FRANCISCO – March 7, 2024 – Gap Inc. (NYSE: GPS), the largest specialty apparel company in the U.S., with a portfolio of brands including Old Navy, Gap, Banan ...

Investors are always looking for stocks that are poised to beat at earnings season and The Gap, Inc. (GPS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Gap is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of ...

LOS ANGELES and SAN FRANCISCO, March 5, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GPS) and Ambercycle today announced efforts to leverage textile-to-textile recycled materials in Athleta products. Ambercycle's cycora® regenerated polyester is a high-performance material created from end-of-life textiles that seamlessly replaces conventional polyester. Starting in 2026, Athleta – a Certified B Corporation – plans to become the first performance apparel brand to use cycora® at scale.   Image courtesy of Athleta ...

The Gap, Inc. (GPS) is scheduled to report fourth-quarter fiscal 2023 results on Mar 7, after the closing bell.The Zacks Consensus Estimate for the fiscal fourth-quarter bottom line is pegged at 20 cents per share, suggesting 126.7% growth from the year-ago quarter’s actual. The consensus estimate for the fiscal quarter’s earnings has moved up by a penny in the past seven days. For revenues, the consensus mark is pegged at $4.21 billion, indicating a 0.7% drop from the year-ago quarter’s reported figure.In ...

Wall Street analysts expect Gap (GPS) to post quarterly earnings of $0.20 per share in its upcoming report, which indicates a year-over-year increase of 126.7%. Revenues are expected to be $4.21 billion, down 0.7% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 47.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a comp ...