earnings
confidence high
sentiment neutral
materiality 0.75
Gap Inc. Q4 adjusted loss $0.02; FY2021 adj. EPS $1.44; guides FY2022 adj. EPS $1.85-$2.05
GAP INC
2021-FY EPS reported
$0.67
revenue$16,670,000,000
- Q4 net sales $4.5B, down 3% vs 2019; online 43% of sales; adjusted diluted loss per share $0.02.
- FY2021 net sales $16.7B, up 21% YoY, up 2% vs 2019; adjusted diluted EPS $1.44.
- FY2022 outlook: reported diluted EPS $1.95-$2.15; adjusted diluted EPS $1.85-$2.05.
- Dividend raised 25% to $0.15/share; Q4 air freight impact ~$275M (600 bps on margin).
- Old Navy crossed $9B in annual sales; Athleta net sales up 48% vs 2019.