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The Gap, Inc.(GAP) - 2026 Q3 - Earnings Call Presentation
2025-11-20 22:00
Financial Performance - Net sales reached $3.9 billion, a 3% increase year-over-year[12] - Comparable sales increased by 5%, marking the 7th consecutive quarter of positive comps[12] - Gross margin was 42.4%, while operating margin was 8.5%[12] - Cash, cash equivalents, and short-term investments totaled $2.5 billion, up 13% compared to the previous year[12, 28] - Year-to-date, the company returned $337 million to shareholders through dividends and share repurchases[34] Brand Performance - One brand experienced a net sales growth of 6% and comparable sales growth of 7%[21] - Another brand saw a net sales decrease of 1% but a comparable sales increase of 4%[23, 24] - One brand experienced a net sales decrease of 11% and a comparable sales decrease of 11%[26, 27] Fiscal Year 2025 Outlook - The company anticipates net sales growth of 1.7% to 2.0% for the full year[41] - Operating margin is projected to be approximately 7.2%, including a net tariff impact of 100-110 basis points[41] - Capital expenditures are expected to be between $500 million and $550 million[36, 41]