Gap Q4 net sales up 1% to $4.3B; EPS $0.49; full-year operating cash flow $1.5B

GAP INC

2023-FY EPS reported $1.34 revenue$14,889,000,000

Q4 net sales $4.3B (+1% YoY, flat comparable); gross margin 38.9% (+530bps); net income $185M ($0.49 EPS).
Full-year net sales $14.9B (-5%); comparable sales -2%; reported operating income $560M (3.8% margin).
Full-year operating cash flow $1.5B; free cash flow $1.1B; cash balance $1.9B (up 54%).
Board approved Q1 FY2024 dividend of $0.15/share, unchanged from prior quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GAP INC reported the fourth quarter and fiscal year ended February 3, 2024 results: revenue Net sales of $4.3 billion, net income Net income of $185 million, EPS diluted earnings per share of $0.49.

Period: the fourth quarter and fiscal year ended February 3, 2024
Revenue: Net sales of $4.3 billion
Net income: Net income of $185 million
EPS: diluted earnings per share of $0.49
Result: reported results

Exact text from the filing

and the fiscal year include the additional week, while comparable sales calculations exclude the additional week. Fourth Quarter Fiscal 2023 - Financial Results • Net sales of $4.3 billion were up 1% compared to last year, inclusive of an estimated 2 percentage points of negative impact from the sale of Gap China. The addition of the 53rd week contributed

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Source: SEC EDGAR

accession 0000039911-24-000014

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