Earnings summaries and quarterly performance for GAP.
Executive leadership at GAP.
Richard Dickson
Detailed
President and Chief Executive Officer
CEO
Haio Barbeito
Detailed
President & Chief Executive Officer, Old Navy
Julie Gruber
Detailed
Executive Vice President and Chief Legal and Compliance Officer
Katrina O’Connell
Detailed
Executive Vice President & Chief Financial Officer
Maggie Gauger
Detailed
President & Chief Executive Officer, Athleta
Mark Breitbard
Detailed
President & Chief Executive Officer, Gap Brand
Board of directors at GAP.
Amy Miles
Detailed
Director
Brady Brewer
Detailed
Director
Chris O’Neill
Detailed
Director
Elisabeth Donohue
Detailed
Director
Jody Gerson
Detailed
Director
Kathryn Hall
Detailed
Director
Mayo Shattuck III
Detailed
Chair of the Board
Robert Fisher
Detailed
Director
Salaam Coleman Smith
Detailed
Director
Tariq Shaukat
Detailed
Director
William Fisher
Detailed
Director
Research analysts who have asked questions during GAP earnings calls.
Adrienne Yih-Tennant
Barclays
2 questions for GAP
Also covers: AEO, ANF, BBWI +18 more
Alex Straton
Morgan Stanley
2 questions for GAP
Also covers: AEO, ANF, AS +17 more
Bob Durbill
BTIG, LLC
2 questions for GAP
Brooke Roach
Goldman Sachs Group, Inc.
2 questions for GAP
Also covers: , AS, BURL +23 more
Corey Tarlow
Jefferies LLC
2 questions for GAP
Also covers: CURV, TGT, TJX
Dana Telsey
Telsey Advisory Group
2 questions for GAP
Also covers: , AEO, AKA +44 more
Lorraine Hutchinson
Bank of America
2 questions for GAP
Also covers: AS, BBWI, BIRK +18 more
Matthew Boss
JPMorgan Chase & Co.
2 questions for GAP
Also covers: , AEO, ANF +38 more
Paul Lejuez
Citigroup
2 questions for GAP
Also covers: , ACI, AEO +36 more
Carson
Evercore ISI
1 question for GAP
Michael Binetti
Evercore ISI
1 question for GAP
Also covers: , AS, BIRK +16 more
Recent press releases and 8-K filings for GAP.
GAP Reports Strong Q3 2025 Financial Results
GAP
Earnings
Guidance Update
Share Buyback
- For the third quarter of fiscal 2025, GAP reported net sales of $3.9 billion, an increase of 3% year-over-year, with comparable sales up 5%. The company achieved a gross margin of 42.4% and diluted EPS of $0.62.
- Q3 2025 results exceeded expectations for net sales and gross margin, prompting GAP to increase its fiscal 2025 net sales outlook to the high end of its prior guidance range and raise its operating margin outlook. The fiscal 2025 outlook projects net sales growth of 1.7% to 2.0% and an operating margin of approximately 7.2%.
- GAP strengthened its balance sheet, with cash, cash equivalents, and short-term investments totaling $2.5 billion, representing a 13% increase versus the prior year. Net cash from operating activities was $607 million year-to-date.
- The company returned a total of $337 million to shareholders year-to-date through dividends and share repurchases. This included $62 million in dividends in Q3 2025 and the repurchase of 7 million shares for approximately $152 million year-to-date. The Board approved a Q4 2025 dividend of $0.165 per share.
Nov 20, 2025, 10:00 PM
Gap Inc. Reports Strong Q3 2026 Results and Raises Fiscal 2025 Outlook
GAP
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Gap Inc. reported strong Q3 2026 results, with comparable sales up 5% and an operating margin of 8.5%. This performance was driven by significant comparable sales growth across its largest brands: Old Navy (up 6%), Gap (up 7%), and Banana Republic (up 4%).
- Earnings per share (EPS) for Q3 2026 were $0.62, a 14% decrease year-over-year, primarily due to an estimated 190 basis point impact from tariffs. Despite this, gross margin exceeded expectations due to improved average unit retail (AUR) and reduced discounting.
- The company raised its fiscal 2025 outlook, now projecting net sales growth of 1.7%-2% and an operating margin of about 7.2%. Gap Inc. ended Q3 with $2.5 billion in cash , paid $62 million in dividends in Q3, and repurchased $152 million in shares year-to-date.
- Strategic initiatives include $150 million in cost savings for fiscal 2025, with a portion reinvested into growth areas such as the Old Navy beauty expansion. The company also continues store fleet optimization, expecting approximately 35 closures in fiscal 2025.
Nov 20, 2025, 10:00 PM
Gap Inc. Reports Strong Q3 2026 Results and Raises FY 2025 Outlook
GAP
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Gap Inc. reported strong Q3 2026 results that exceeded expectations across multiple measures, with comparable sales up 5% versus last year, marking the highest quarterly comp in over four years, and an operating margin of 8.5%.
- Earnings per share (EPS) for Q3 2026 were $0.62, a decrease of 14% compared to last year's $0.72, primarily due to the impact of tariffs.
- The company updated its fiscal 2025 outlook, increasing net sales growth to the high end of its prior guidance range (1.7%-2% year-over-year), raising the gross margin outlook to expect deleverage of about 50 basis points year-over-year (including an estimated 100-110 basis points tariff impact), and increasing the operating margin outlook to about 7.2%.
- Old Navy delivered an incredibly strong quarter with comparable sales up 6%, consistently gaining market share, and showing healthy growth in average unit retail across all income cohorts.
- Gap Inc. ended Q3 with strong cash balances of approximately $2.5 billion and is driving $150 million in cost savings in its core operations for fiscal 2025.
Nov 20, 2025, 10:00 PM
GAP Reports Strong Q3 2026 Results and Raises Full-Year 2025 Outlook
GAP
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Gap Inc. reported Q3 2026 net sales of $3.9 billion, an increase of 3% year-over-year, with comparable sales up 5%, marking the highest quarterly comparable sales performance in over four years.
- The company achieved an operating margin of 8.5% and earnings per share of $0.62 in Q3 2026, noting an estimated 190 basis points tariff impact on margins.
- Brand performance was strong, with Old Navy comparable sales up 6% and Gap comparable sales up 7%, while Athleta comparable sales decreased by 11%.
- Gap Inc. raised its fiscal year 2025 outlook, now expecting net sales growth of 1.7%-2% and an operating margin of approximately 7.2%.
- The company ended the quarter with $2.5 billion in cash and is on track to achieve $150 million in cost savings for fiscal year 2025.
Nov 20, 2025, 10:00 PM
Gap Inc. Reports Strong Q3 Fiscal 2025 Results and Raises Full Year Outlook
GAP
Earnings
Guidance Update
Dividends
- Gap Inc. reported net sales of $3.9 billion, an increase of 3% year-over-year, and diluted earnings per share of $0.62 for the third quarter of fiscal 2025, which ended November 1, 2025.
- Comparable sales were up 5% for the quarter, marking the seventh consecutive quarter of positive comparable sales, with Old Navy up 6%, Gap up 7%, and Banana Republic up 4%.
- The company raised its full-year fiscal 2025 outlook, now expecting net sales growth of 1.7% to 2.0% and an operating margin of approximately 7.2%.
- Gap Inc. ended the quarter with $2.5 billion in cash, cash equivalents, and short-term investments, and its Board of Directors approved a $0.165 per share dividend for the fourth quarter of fiscal 2025.
Nov 20, 2025, 9:17 PM
Gap Inc. Reports Strong Third Quarter Fiscal 2025 Results and Raises Full-Year Outlook
GAP
Earnings
Guidance Update
Dividends
- Gap Inc. reported net sales of $3.9 billion, an increase of 3% compared to last year, and comparable sales up 5% for the third quarter ended November 1, 2025. The company achieved a gross margin of 42.4% and an operating margin of 8.5% for the quarter.
- For the third quarter fiscal 2025, Gap Inc. recorded net income of $236 million and diluted earnings per share of $0.62.
- The company increased its full-year fiscal 2025 outlook, now expecting net sales growth of 1.7% to 2.0% (up from a prior range of 1.0% to 2.0%) and an operating margin of approximately 7.2% (up from a prior range of 6.7% to 7.0%).
- Gap Inc. paid a third quarter dividend of $0.165 per share and its Board of Directors approved a fourth quarter fiscal 2025 dividend of $0.165 per share.
Nov 20, 2025, 9:15 PM
Gap Inc. Partners with Google Cloud for AI-Powered Retail Transformation
GAP
New Projects/Investments
- Gap Inc. announced a multi-year partnership with Google Cloud to accelerate its human-centered digitally-enabled technology strategy, leveraging AI to reimagine retail across its brands, including Old Navy, Gap, Banana Republic, and Athleta.
- The collaboration aims to fuel innovation and greater efficiency across product creation, customer experience, and employee enablement using Google Cloud technologies such as Gemini, Vertex AI, and BigQuery.
- Gap Inc. expects to gain benefits in product innovation by accelerating design, planning, and pricing, customer experience and marketing optimization through hyper-personalized shopping and smarter recommendations, and employee empowerment by rethinking operations.
Oct 9, 2025, 12:00 PM
Gap Inc. Announces Strategic Expansion into Beauty and Accessories
GAP
New Projects/Investments
Management Change
Product Launch
- Gap Inc. is strategically expanding into Beauty and Accessories, identifying these as new high-potential business categories to serve as promising growth engines for its portfolio.
- The company has appointed Deb Redmond as General Manager of Beauty and Michele Parsons as General Manager of Accessories, and engaged John Demsey and Reed Krakoff as Executive Directors for these new segments.
- Gap Inc. aims to grow its share of the $100 billion U.S. beauty and personal care market, with the initial beauty launch beginning with Old Navy this fall in 150 stores, followed by Gap launching beauty in 2026.
Sep 17, 2025, 1:00 PM
GAP Reports Q2 2026 Results and Updates Fiscal Year 2025 Outlook
GAP
Earnings
Guidance Update
Share Buyback
- Gap Inc. reported $0.57 EPS, up 6% year-over-year, and an operating margin of 7.8% for Q2 2026. Comparable sales for Gap Inc. were up 1%, with Old Navy, Gap, and Banana Republic posting positive comps, while Athleta's comparable sales decreased 9%.
- The company reiterated its Fiscal Year 2025 net sales outlook of up 1% to 2% year-over-year. However, the operating margin outlook was updated to 6.7% to 7%, reflecting an estimated net tariff impact of 100 to 110 basis points or $150 million to $175 million.
- For Q3 2025, Gap Inc. anticipates net sales to be up 1.5% to 2.5% year-over-year, with gross margin expected to deleverage by approximately 150 to 170 basis points due to an estimated 200 basis points net tariff impact.
- In Q2 2026, Gap Inc. returned approximately $144 million to shareholders through $82 million in share repurchases and $62 million in dividends. The Board also approved a Q3 dividend of $0.0165 per share.
Aug 29, 2025, 6:34 AM
Gap Inc. Reports Q4 2024 & FY 2024 Results; Fiscal 2025 Outlook
GAP
Earnings
Guidance Update
Dividends
Share Buyback
- FY 2024 performance: Net sales reached $15.1B and operating income was $1.1B with a 1% YoY sales increase and robust comparable sales growth across all brands .
- Q4 Fiscal 2024 results: Recorded net sales of $4.1B and operating income of $259M, with a 38.9% gross margin and EPS rising to $0.54 – a 10% jump from last year’s Q4 .
- Fiscal 2025 outlook: Forecasts include net sales growth of 1–2% and operating income growth of 8–10%, along with capital expenditures expectations and planned store closures to sustain operational momentum .
- Strategic highlights: All four brands gained market share, driven by strong comparable sales and significant digital sales contribution .
- Capital actions: Initiated a share repurchase of 3 million shares for ~$75M in Q4 and announced a Q1 dividend of $0.165 .
Mar 6, 2025, 9:19 PM
Quarterly earnings call transcripts for GAP.
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