What is the revenue and EPS growth rate for The Gap year over year?

Did The Gap beat or miss consensus estimates last quarter?

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What were the key takeaways from The Gap's earnings call?

What is The Gap's latest dividend and current dividend yield?

What guidance did The Gap's management provide for the next earnings period?

What were the key takeaways from The Gap’s earnings call?

What is The Gap's gross profit margin?

- **Topline Growth**: FY2025 net sales +2%, with 8 straight quarters of positive comps across Gap, Old Navy, and Banana Republic.
- **Margin Resilience**: 40.8% gross margin despite 120bps tariff impact; Q4 2025 EPS of $0.45 vs. $0.54 prior year.
- **Strategic Investments**: $150M cost savings reinvested in beauty (Old Navy pilot), AI, and modern store formats.
- **Liquidity Strength**: $3B cash, $1B share buyback authorization, and 6% dividend hike.
- **Tariff Outlook**: 2026 net neutral impact, with Q1 200bps headwind flipping to H2 tailwind.

**【CEO Summary Section】**
- Delivered 2% net sales growth for FY2025, with 8 consecutive quarters of positive comparable sales across brands.
- Gap brand achieved 7% Q4 comp growth, marking its ninth consecutive quarter of positive comps, driven by denim, fleece, and sleepwear categories.
- Introduced new growth accelerators: beauty (Old Navy launched a pilot in 150 stores), accessories (expanding into $15B TAM), and fashion-entertainment partnerships (e.g., Disney collaboration).
- Reinvested $150M in cost savings into strategic initiatives, including AI adoption and store format modernization.
- Launched 'Encore' loyalty program, integrating fashion, entertainment, and access to drive engagement.

**【CFO Financial Commentary】**
- FY2025 net sales: $15.4B (+2% YoY), operating income: $1.1B (7.3% margin), gross margin: 40.8%.
- Q4 2025 results: $4.2B net sales (+2% YoY), 38.1% gross margin, $0.45 EPS.
- Tariffs impacted FY2025 gross margin by 120bps, with Q4 impact of 200bps; 2026 outlook assumes net neutral tariff impact.
- Generated $1.3B operating cash flow and $823M free cash flow, ending with $3B cash on hand.
- Share repurchase authorization increased to $1B, with Q1 dividend raised 6% to $0.175/share.

**【Q&A Highlights】**
- **Growth Accelerators**: Beauty and accessories expected to scale in 2027+; Old Navy beauty pilot showed basket-building potential. 
- **Store Strategy**: 35 net closures in FY2025, 2026 capex of $650M focused on tech (AI, RFID) and experiential stores.
- **Athleta Update**: Q1 2026 sales down mid-single digits, with reinvigoration efforts (new assortment, brand purpose reconnection) targeting H2 recovery.
- **Tariff Mitigation**: Sourcing strategies to offset 200bps Q1 2026 gross margin headwind, flipping to 150bps tailwind in H2.
- **AUR Trends**: FY2025 AUR growth driven by lower discounting; 2026 plan assumes similar AUR trajectory.

The Gap, Inc.(GAP)-20260306-2026 Q4 Earnings call transcript

- **Revenue Beat**: Comparable sales +5% QoQ, driven by Old Navy (+6%), Gap (+7%), and Banana Republic (+4%).
- **Brand Momentum**: Gap denim ranks #6 in U.S., Old Navy expands into beauty with 150-store pilot.
- **Gross Margin Expansion**: 42.4% vs. 42.7% last year, supported by AUR growth and lower discounting.
- **Cost Efficiency**: $150M cost savings reinvested in growth, free cash flow $280M YoTD.
- **Tariff Mitigation**: 2026 Q1 impact similar to Q4, with Q2+ benefits from sourcing adjustments.


**CEO Summary Section**
- **Revenue Growth**: Comparable sales up 5%, highest in over 4 years, driven by Old Navy (+6%), Gap (+7%), and Banana Republic (+4%).
- **Brand Performances**: Old Navy leads in active apparel, Gap denim ranks #6 in U.S., Banana Republic shows steady progress in men's and women's fashion.
- **Strategic Initiatives**: Expansion into beauty category with Old Navy, pilot program in 150 stores, and collaborations with Anna Sui and Disney for holiday collections.
- **Gross Margin**: Improved due to higher AUR and reduced discounting, with Gap's denim campaign generating 8 billion impressions.

**CFO Financial Commentary**
- **Financial Highlights**: Net sales $3.9B (+3% YoY), GAAP EPS $0.62, operating margin 8.5% (down 80bps YoY due to tariffs).
- **Gross Margin**: 42.4% (-30bps YoY), tariff impact 190bps, offset by AUR growth and lower discounting.
- **Cost Management**: $150M cost savings reinvested in growth, free cash flow $280M YoTD, cash balance $2.5B.
- **Tariff Mitigation**: 2026 Q1 net impact similar to Q4, with Q2+ benefits from sourcing adjustments.

**Q&A Key Highlights**
- **AUR Trends**: Gap and Old Navy AUR growth driven by trend-right products, Gap denim sales up double-digit despite price increases.
- **Store Strategy**: Closing 35 underperforming stores in 2025, testing new formats like Gap denim shops, and selective openings based on strategic fit.
- **Athleta Update**: Maggie Gauger reorganizing team, focusing on product refinement and storytelling, with inventory aligned to lower sales trend.
- **Tariff Outlook**: 2026 annualization impact neutralized by mitigation, with back-half tailwinds from lapping tariffs.


The Gap, Inc. (GAP) Q3 2025 Earnings Call Transcript

- **Topline Growth**: Q2 comparable sales +1%, driven by Old Navy (+2%), Gap (+4%), and Banana Republic (+4%).
- **Profitability**: EPS of $0.57 (+6% YoY), operating margin 7.8%, despite 140bps gross margin decline.
- **Tariff Impact**: 2025 guidance includes $150-175M tariff impact (100-110bps margin). 2026 annualization expected to stabilize.
- **Brand Momentum**: Gap's 7th consecutive quarter of positive comps, Old Navy denim sales highest in 10 years, Athleta reset underway.
- **Cash Position**: $2.4B cash balance, $144M returned to shareholders.
- **Guidance**: FY25 net sales +1-2%, operating margin 6.7-7%. Q3 net sales +1.5-2.5%.

**【CEO Summary Section】**
- **Revenue Performance**: Q2 net sales of $3.7 billion, flat year-over-year, with comparable sales up 1%. Old Navy (+2%), Gap (+4%), and Banana Republic (+4%) drove growth, offsetting Athleta's decline (-9%).
- **Brand Momentum**: 
  - **Old Navy**: 2% comp growth, denim sales highest in 10 years, active business expansion with Lindsay Lohan campaign.
  - **Gap**: 7th consecutive quarter of positive comps (4%), driven by denim and collaborations (e.g., Malvern, BACE).
  - **Banana Republic**: 4% comp, improving women's bottoms performance, repositioned as modern explorer brand.
  - **Athleta**: Reset year with new CEO Maggie Gauger; focused on inventory management and product alignment.
- **Strategic Priorities**: Financial rigor (7.8% operating margin), brand reinvigoration, platform strengthening (supply chain, tech investments), and culture energization.

**【CFO Financial Commentary】**
- **Profitability**: EPS of $0.57 (+6% YoY), operating margin 7.8%, despite 140bps gross margin decline (tariffs, Athleta discounts).
- **Tariff Impact**: 2025 guidance includes $150-175M tariff impact (100-110bps margin). 2026 annualization expected to stabilize with mitigation efforts.
- **Cash Flow**: $2.4B cash balance, $144M returned to shareholders (dividends + buybacks).
- **Guidance**: 
  - FY25 net sales +1-2%, operating margin 6.7-7%.
  - Q3 net sales +1.5-2.5%, gross margin deleverage 150-170bps.

**【Q&A Highlights】**
- **Tariff Mitigation**: Teams reduced tariff impact from $150M to $100-110M through sourcing shifts, pricing, and inventory management. 2026 annualization expected to stabilize.
- **Brand Strategies**: 
  - **Gap**: AUR growth driven by full-price sell-through, cultural relevance (e.g., "Better in Denim" campaign with 20M views).
  - **Old Navy**: Consistent execution in denim and active, no incremental marketing spend needed.
  - **Athleta**: Resetting assortment, new CEO focus on purpose-driven product.
- **Long-Term Outlook**: Confidence in double-digit margin potential over time, driven by playbook execution and tariff mitigation.


The Gap, Inc. (GAP)-28 Aug 25-2026 Q2 Earnings call transcript

- **Revenue Beats Expectations**: +2% net sales ($3.5B) with Old Navy (+3%) and Gap (+5%) leading. 
- **Gross Margin Expansion**: +60bps to 41.8%, driven by rod leverage. 
- **Tariff Mitigation**: $100-150M net impact vs. $250-300M gross; no price increases planned. 
- **Brand Strength**: 
  - Old Navy gains active share (#5 in category). 
  - Gap denim share +20%. 
  - Athleta reset underway with new customer acquisition. 
- **Financial Discipline**: $2.2B cash, 140bps operating margin expansion, $150M cost savings initiatives. 
- **E-commerce Dominance**: #1 US apparel e-commerce brand with 39% sales online.

**【CEO Summary Section】**
- **Revenue Growth**: Q1 2025 net sales of $3.5 billion (+2% YoY), driven by Old Navy (+3%) and Gap (+5%) comps. Gap and Old Navy gained market share for 9 consecutive quarters. 
- **Brand Momentum**: 
  - Old Navy expanded in active (+8% share) and denim (+4% share), launching Studio Smooth collection with 90% full-price sell-through. 
  - Gap achieved 5% comp growth with strong denim (+20% share) and collaborations (e.g., Harlem's Fashion Row). 
  - Banana Republic delivered flat comps with improving women's performance. 
- **Tariff Mitigation**: 
  - China sourcing reduced to <3% (from 10% in 2024), with no country >25% by 2026. 
  - Mitigated >50% of $250-300M tariff impact through sourcing diversification, near-shoring, and inventory management. 
- **Culture & Execution**: 55-year company with disciplined operations, $2.2B cash balance, and 140bps operating margin expansion.

**【CFO Financial Commentary】**
- **Q1 Results**: 
  - GAAP EPS: $0.51 (+24% YoY) vs. $0.41 prior. 
  - Gross Margin: 41.8% (+60bps YoY). 
  - Operating Margin: 7.5% (+140bps YoY). 
  - Free Cash Flow: $2.2B (up 28% YoY). 
- **FY25 Outlook**: 
  - Net Sales: +1-2% YoY. 
  - Operating Income: +8-10% YoY (excluding tariffs). 
  - Tariff Impact: $100-150M net impact (weighted to H2). 
- **Cost Management**: 
  - $150M cost savings initiatives (e.g., RFID, AI). 
  - SG&A leverage of 90bps YoY. 
  - Inventory up 7% YoY but optimized for demand flexibility.

**【Q&A Highlights】**
- **Tariff Strategy**: 
  - No price increases planned; focus on sourcing diversification (e.g., US cotton sourcing +100% in 2026). 
  - $100-150M net impact vs. $250-300M gross impact. 
- **Gap Brand Pricing Power**: 
  - Gap Studio collection sold out at full price, demonstrating $1.3B impressions. 
  - 25% of collab baskets include core products. 
- **Athleta Reset**: 
  - Q1 comps -8%; focus on product balance and customer retention. 
  - Longer recovery timeline expected. 
- **E-commerce Growth**: 
  - 39% of sales online, #1 US apparel e-commerce brand. 
  - 1.5B+ annual visitors. 
- **Marketing Efficiency**: 
  - Social-first strategy driving 3x engagement rates. 
  - $131M returned to shareholders (dividends + buybacks).

The Gap, Inc. (GAP) Q1 2025 Earnings Conference Call Transcript

- **Record Financial Performance**: 2024 EPS of $2.20, highest since 2018, with $1 billion free cash flow and $2.6 billion ending cash.
- **Brand Momentum**: Old Navy #1 in U.S. specialty apparel; Gap Q4 comp up 7%, highest in three years; Banana Republic Q4 comp up 4%.
- **2025 Growth Drivers**: 1-2% sales growth, 8-10% operating income growth, $150M cost savings reinvested in AI and innovation.
- **Customer Engagement**: Gap’s Parker Posey campaign bridged generational gap, with organic searches up 6%.
- **Sustainability**: Athleta maintained #3 in women’s active, gaining share despite Q4 challenges.


**【CEO Summary Section】**
- Gap Inc. delivered a 3% comparable sales increase in Q4 2024, with all four brands comping flat to positive for the year. North American market share was gained for the eighth consecutive quarter.
- Gross margin reached one of the highest levels in 20 years at 41.3%, driven by disciplined inventory management and brand reinvigoration. Operating income grew 83% to $1.1 billion, with operating margin expanding 330 basis points to 7.4%.
- 2025 outlook includes 1-2% net sales growth, 8-10% operating income growth, and continued focus on innovation in key categories like denim and active wear.

**【CFO Financial Commentary】**
- Full-year 2024 EPS of $2.20, up 64% year-over-year, with free cash flow of $1 billion and ending cash balance of $2.6 billion.
- 2025 guidance: 1-2% net sales growth, gross margin expansion, and SG&A leverage through $150 million in cost savings. Capital expenditures will increase 34% to $600 million, with a focus on digital-first initiatives and store optimization.

**【Brand Performance Highlights】**
- **Old Navy**: Q4 comp up 3%, active category share growth, and launch of StudioSmooth collection. Ranked #1 in U.S. specialty apparel.
- **Gap**: Q4 comp accelerated to 7%, highest in three years, with women’s, men’s, and holiday campaigns driving momentum. New customer visits up 25%.
- **Banana Republic**: Q4 comp up 4%, women’s business improvement, and cashmere point of view resonating with consumers.
- **Athleta**: Flat full-year comp, market share gains, but Q4 comp down 2% due to core customer engagement challenges.

**【Q&A Key Takeaways】**
- **Customer Acquisition**: Gap saw 25% increase in new customer visits online, driven by social-first marketing and product innovation.
- **Cost Control**: $150 million in 2025 cost savings will be reinvested in AI, design, and store operations.
- **Share Repurchases**: $75 million in Q4 2024, with $400 million remaining under authorization. Focus on offsetting dilution.
- **Tariff Impact**: <10% of product sourced from China, minimal impact on 2025 margins.


Actual																0.58	-2.51	-0.17	0.25	0.61	0.48	0.7	0.27	-0.02	-0.44	0.08	0.71	-0.75	0.01	0.34	0.59	0.49	0.41	0.54	0.72	0.54	0.51	0.57	0.62	0.45
Forecast																0.4087	-0.6737	-0.4122	0.317	0.188	-0.0521	0.4631	0.4879	-0.1344	-0.1463	-0.0535	0.0005	-0.4625	-0.159	0.0939	0.1995	0.2253	0.144	0.4067	0.5776	0.3754	0.4518	0.5512	0.5868	0.4561
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+41.91%	-272.57%	+58.76%	-21.14%	+224.47%	+1021.31%	+51.16%	-44.66%	+85.12%	-200.75%	+249.53%	+141900.00%	-62.16%	+106.29%	+262.09%	+195.74%	+117.49%	+184.72%	+32.78%	+24.65%	+43.85%	+12.88%	+3.41%	+5.66%	-1.34%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	4.67B	2.11B	3.27B	3.99B	4.42B	3.99B	4.21B	3.94B	4.53B	3.48B	3.86B	4.04B	4.24B	3.28B	3.55B	3.77B	4.30B	3.39B	3.72B	3.83B	4.15B	3.46B	3.73B	3.94B	4.24B
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	4.54B	2.31B	2.91B	3.82B	4.66B	3.44B	4.12B	4.42B	4.49B	3.44B	3.82B	3.82B	4.36B	3.28B	3.58B	3.61B	4.22B	3.28B	3.63B	3.81B	4.07B	3.42B	3.73B	3.90B	4.24B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+2.85%	-8.59%	+12.58%	+4.63%	-5.03%	+16.17%	+2.19%	-10.89%	+0.74%	+1.19%	+0.98%	+5.62%	-2.59%	-0.23%	-0.90%	+4.41%	+1.97%	+3.14%	+2.56%	+0.55%	+1.94%	+1.34%	-0.22%	+0.96%	-0.18%

GAP

GAP fundamentals

GAP Q4 2026 Earnings

Earnings Call

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GAP

GAP fundamentals

GAP Q4 2026 Earnings

Earnings Call

GAP Earnings Call Summary for Q4/20265:00 PM on Mar 5, 2026

GAP Earnings Call Summary for Q3/20265:00 PM on Nov 20, 2025

GAP Earnings Call Summary for Q2/20265:00 PM on Aug 28, 2025

GAP Earnings Call Summary for Q1/20265:00 PM on May 29, 2025

GAP Earnings Call Summary for Q4/20255:00 PM on Mar 6, 2025

You can ask Aime