GAP
The Gap, Inc.27.06
+0.24+0.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms outlook, adds pilot details
Q&A largely reaffirmed prepared remarks on 2026 sales growth of 2-3% and margin stability, while adding color on seeding accelerators like beauty, piloted successfully in 150 Old Navy stores for basket-building. Management detailed Gap's denim share gain to #6 from #10 two years ago, Old Navy's #3 denim/#5 active rankings, and Disney as #1 DTC apparel partner—nuances underscoring brand momentum. Flat net store closures versus 35 last year signal confidence to accelerate experiential formats. Tariffs headwinds cadence clarified without offsets yet. Answers stayed crisp. Watch core execution before 2027 scaling.
Key Stats
Market Cap
10.06BP/E (TTM)
12.19Basic EPS (TTM)
2.22Dividend Yield
0.02%Recent Filings
8-K
Gap beats, $1B buyback
Gap Inc. reported fiscal 2025 net sales up 2% to $15.4B with operating income of $1.1B at 7.3% margin, fueled by 3% comps for eighth straight quarter. Board approved new $1B share repurchase with no expiration, superseding prior program. Guides FY26 sales up 2-3%, adjusted EPS $2.20-$2.35. Cash signals confidence.
10-Q
Q3 FY2025 results
Gap Inc. posted Q3 FY2025 net sales of $3.9B, up 3% y/y, with comp sales rising 5% (derived) across Old Navy Global (6%), Gap Global (7%), and Banana Republic Global (4%), yet Athleta Global dipped 11%. Gross margin slipped to 42.4% from 42.7% on tariff costs, trimming operating income to $334M (down 6% y/y) while op margin held at 8.5%; diluted EPS fell to $0.62 from $0.72, reconciled to 380M shares. YTD sales climbed 2% to $11.1B, operating income up 4% to $886M, and EPS edged to $1.69. Cash swelled to $2.3B with $255M short-term investments; operating cash flow $607M yielded $280M free cash flow (reconciled); $1.5B debt steady at 3.6-3.9% due 2029/2031, ABL fully available. Share buybacks hit $152M YTD. Tariffs pressure margins.
8-K
Q3 sales beat, outlook raised
Gap Inc. reported Q3 fiscal 2025 net sales of $3.9B, up 3% year-over-year, with comparable sales up 5% for the seventh straight quarter. Gross margin hit 42.4% despite tariff headwinds; operating income landed at $334M. Old Navy, Gap, and Banana Republic drove gains, while Athleta dipped 11%. Brands gaining momentum. Raised FY25 sales outlook to 1.7-2.0% growth, operating margin to ~7.2%.
8-K
Gap adds music exec to board
Gap Inc. appointed Jody Gerson, Chairman and CEO of Universal Music Publishing Group, to its board effective September 15, 2025. She received stock units worth $185,000 and a pro rata $95,000 cash retainer. Gerson's music industry expertise bolsters Gap's fashiontainment push, fresh off viral campaigns like Katseye's 'Better in Denim.' Her voice sharpens cultural edge.
10-Q
Q2 FY2026 results
Gap Inc. posted flat Q2 net sales of $3.7B yet held operating income steady at $292M, with gross margin slipping to 41.2% from 42.6% y/y amid higher promotions at Athleta and prior-year credit card income. YTD sales rose 1% to $7.2B, operating income climbed 11% to $552M, and diluted EPS improved to $1.07 from $0.95, reconciling to 381M shares. Online sales gained 3% while stores dipped 1%; Old Navy comps rose 2%. Cash sits at $2.2B with $238M short-term investments and $2.2B ABL availability (no draws), against $1.5B Senior Notes (3.6-3.9%, 2029-2031); FCF (reconciled) fell to $127M from $397M. Tariffs threaten margins.
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