GPS - Earnings announcements

Net sales increased 5% versus last year with market share gains for the 6th consecutive quarter Comparable sales were up 3% driven by strength at Old Navy and Gap Operating margin of 7.9% improved 490 basis points versus last year Increases outlook for fiscal 2024 gross margin and operating income growth  SAN FRANCISCO, Aug. 29, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its second quarter ended August 3, 2024. "Gap Inc. delivered another successful quarter, exceeding financial expectations and gaining market share for the 6

SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS) a house of iconic American brands including Old Navy, Gap, Banana Republic, and Athleta, announced today that it will be changing its ticker symbol from "GPS" to "GAP". Effective on Thursday, August 22, 2024, the company's common shares will trade on the New York Stock Exchange (NYSE) under the new symbol "GAP". "Updating our NYSE ticker symbol to GAP on our 55th anniversary recognizes both an important milestone and the reinvigoration journey we're on - inspired by our past, engaged in the present, and eager to shape the exciting evolution of our house of iconic American brands," said Gap Inc. President and Chief Executive Offi

Net sales increased 3% versus last year with market share gains for the 5th consecutive quarter  Comparable sales were positive at all four brands in the portfolio Operating margin expansion reflects improvement in gross margin and operating expense SAN FRANCISCO, May 30, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its first quarter ended May 4, 2024. "Gap Inc. delivered a strong quarter that exceeded expectations across key metrics. We gained market share for the 5th consecutive quarter with positive comparable sales at all

SAN FRANCISCO, May 1, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS) will report its first quarter fiscal 2024 financial results by press release on May 30, 2024, at approximately 1:15 p.m. Pacific Time. In addition, the company will host a conference call to review its first quarter fiscal 2024 results on Thursday, May 30, 2024, beginning at approximately 2:00 p.m. Pacific Time. A live webcast of the conference call will be available online at investors.gapinc.com.  A replay of the webcast will be available at the same location. About Gap Inc.Gap Inc., a house of iconic brands, is

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 fiscal year ended February 3, 2024. "The fourth quarter exceeded expectations on several key metrics along with market share gains, reflecting improved trends at Old Navy and Gap and stron

SAN FRANCISCO, Feb. 15, 2024 /PRNewswire/ -- Gap Inc. (NYSE:GPS) will report its fourth quarter and fiscal 2023 financial results by press release on March 7, 2024, at approximately 1:15 p.m. Pacific Time. In addition, the company will host a conference call to review its fourth quarter and fiscal 2023 results on Thursday, March 7, 2024, beginning at approximately 2:00 p.m. Pacific Time. A live webcast of the conference call will be available online at investors.gapinc.com. A replay of the webcast will be available at the same location. About Gap Inc.Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories, and p

SAN FRANCISCO, Nov. 16, 2023 /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 third quarter ended October 28, 2023. "Gap Inc. delivered a solid performance in the third quarter. We were pleased to see market share gains as well as improvements in both gross margins and operating margins, demonstrating our ability to drive operating and financial discipline. This rigor has put the company on stronger financial footing and is enabling us to focus on reinvigorating our portfolio of brands, strengthening our operating platform, and revi

SAN FRANCISCO, Aug. 24, 2023 /PRNewswire/ -- Gap Inc. (NYSE:GPS), a portfolio of billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its second quarter ended July 29, 2023. "I have long admired Gap Inc. as a customer, a brand builder, and most recently, as a Board member. An even greater draw is the company's storied brands. And I'm excited for the opportunity to lead the incredible people of Gap Inc. to unlock our full potential," said Richard Dickson, President and Chief Executive Officer, Gap Inc. "We're seeing encouraging signs of progress, as our teams streamlin

SAN FRANCISCO, Aug. 3, 2023 /PRNewswire/ -- Gap Inc. (NYSE:GPS) will report its second quarter fiscal 2023 financial results by press release on August 24, 2023, at approximately 1:15 p.m. Pacific Time. In addition, the company will host a conference call to review its second quarter results on Thursday, August 24, 2023, beginning at approximately 2:00 p.m. Pacific Time. A live webcast of the conference call will be available online at investors.gapinc.com. A replay of the webcast will be available at the same location. About Gap Inc.Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories, and personal care prod

SAN FRANCISCO, May 4, 2023 /PRNewswire/ -- Gap Inc. (NYSE:GPS) will report its first quarter fiscal 2023 financial results by press release on May 25, 2023, at approximately 1:15 p.m. Pacific Time. In addition, the company will host a conference call to review its first quarter results on Thursday, May 25, 2023, beginning at approximately 2:00 p.m. Pacific Time. A live webcast of the conference call will be available online at investors.gapinc.com.  A replay of the webcast will be available at the same location. About Gap Inc. Gap Inc., a collection of purpose-led lifestyle br

Announces Further Cost Structure Optimization and Efforts to Simplify Operating Model; Company Has Identified $550 Million in Annualized Savings To Date Announces Changes to Executive Leadership Team Gap Inc. (NYSE:GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its fourth quarter and fiscal year ended January 28, 2023. The company is also announcing several changes to its executive leadership team. "To enter fiscal 2023 in a more competitive position, we took quick and effective action to clear excess inventory, improve asso

Gap Inc. (NYSE:GPS) will report its fourth quarter and fiscal 2022 financial results by press release on March 9, 2023, at approximately 1:15 p.m. Pacific Time. In addition, the company will host a conference call to review its fourth quarter and fiscal 2022 results on Thursday, March 9, 2023, beginning at approximately 2:00 p.m. Pacific Time. A live webcast of the conference call will be available online at investors.gapinc.com. A replay of the webcast will be available at the same location. About Gap Inc. Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories, and personal care products for men, women, a

Gap Inc. (NYSE:GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its third quarter ended October 29, 2022. "I have deep conviction that we have a portfolio of iconic brands that our customers love, increased confidence in our platform to drive leverage and economies of scale, and belief in the team's ability to deliver. We have sharpened our focus on execution to optimize profitability and cash flow, are bringing more rigor to our operations, and balancing our assortments in response to what our customers are telling us. While ou

Gap Inc. (NYSE:GPS) will report its third quarter fiscal 2022 financial results by press release on November 17, 2022, at approximately 1:15 p.m. Pacific Time. In addition, the company will host a conference call to review its third quarter results on Thursday, November 17, 2022, beginning at approximately 2:00 p.m. Pacific Time. A live webcast of the conference call will be available online at investors.gapinc.com. A replay of the webcast will be available at the same location. About Gap Inc. Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories, and personal care products for men, women, and children un

Gap Inc. (NYSE:GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its second quarter ended July 30, 2022. "This is a pivotal moment in time. While we search for a new leader, I am taking on the role as Interim President & CEO of Gap Inc. with a deep commitment to the company's success and impatience for change. Having navigated the global retail industry across brands and markets, I am not approaching this work from the sidelines," said Bob Martin, Executive Chairman and Interim CEO, Gap Inc. "We are taking actions to better optim

Gap Inc. (NYSE:GPS) will report its second quarter fiscal 2022 financial results by press release on August 25, 2022 at approximately 1:15 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.'s second quarter results during a live conference call and webcast on Thursday, August 25, 2022 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the event can be accessed using this link. A replay will also be made available at investors.gapinc.com. About Gap Inc. Gap Inc., a collection of purpose-led lifestyle brands, is th

Gap Inc. (NYSE:GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported fiscal 2022 financial results for its first quarter ended April 30, 2022. "Our Q1 results and updated fiscal 2022 outlook primarily reflect industry-wide headwinds as well as challenges at Old Navy that are impacting our near-term performance. While we are disappointed to deliver results below expectations, we are confident in our ability to navigate the headwinds and re-stabilize the Old Navy business in order to deliver continued progress on our long-term strategy," said Sonia Syngal,

Gap Inc. (NYSE:GPS) will report its first quarter fiscal 2022 financial results by press release on May 26, 2022 at approximately 1:15 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.'s first quarter results during a live conference call and webcast on Thursday, May 26, 2022 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the event can be accessed using this link. A replay will also be made available at investors.gapinc.com. About Gap Inc. Gap Inc., a collection of purpose-led lifestyle brands, is the larges

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

Gap Inc. (NYSE:GPS) will report its fourth quarter 2021 earnings results by press release on March 3, 2022 at 1:15 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.'s fourth quarter results during a live conference call and webcast on Thursday, March 3, 2022 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. To access the conference call, please use the "Click to Join" link below to have the conference call you. The link becomes active 15 minutes prior to the scheduled start time. Click to Join If you prefer to dial in, you can join by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 7571387). International callers may dial 1-323-794-2078. T

Third quarter comparable sales increased 5% and net sales were down 1% compared to 2019 pre-COVID levels Significant supply chain constraints in the quarter impacted both comparable sales and net sales Online sales for the quarter increased 48% compared to 2019 Gross Margin of 42.1% for the quarter represented the highest third quarter rate in over ten years The company is revising its full-year 2021 guidance as a result of ongoing supply chain disruption Gap Inc. (NYSE:GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., reported a third quarter fiscal year

Gap Inc. (NYSE:GPS) will report its third quarter 2021 earnings results by press release on November 23, 2021 at 1:15 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.'s third quarter results during a live conference call and webcast on Tuesday, November 23, 2021 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. To access the conference call, please use the "Click to Join" link below to have the conference call you. The link becomes active 15 minutes prior to the scheduled start time. Click to Join If you prefer to dial in, you can join by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 4762521). International callers may dial 1-323-794-20

Net sales of $4.2 billion were the highest second quarter sales in over a decade, up 29% versus 2020 and up 5% compared to 2019 pre-COVID levels Second quarter comparable sales increased 12% versus 2019 Reported earnings per share for the quarter were $0.67, and $0.70 on an adjusted basis Reported operating margin for the quarter was 9.7%, and 10.2% on an adjusted basis Company raising full year outlook for sales, operating margin, and earnings per share Sales growth of about thirty percent versus 2020 Reported operating margin of about 7.0%; Adjusted operating margin of about 7.5% Reported earnings per share range of $1.90 - $2.05; Adjusted earnings per share range of $2.1

Gap Inc. (NYSE:GPS) will report its second quarter 2021 earnings results by press release on August 26, 2021 at 1:15 p.m. Pacific Time. In addition, the company will host a summary of Gap Inc.'s second quarter results during a live conference call and webcast on Thursday, August 26, 2021 from approximately 2:00 p.m. to 3:00 p.m. Pacific Time. To access the conference call, please use the "Click to Join" link below to have the conference call you. The link becomes active 15 minutes prior to the scheduled start time. Click to Join If you prefer to dial in, you can join by calling 1-855-5000-GPS or 1-855-500-0477 (participant passcode: 3760202). International callers may dial 1-323-794-207