Gap Q4 EPS $0.54; FY24 net sales $15.1B, raises dividend 10%

GAP INC

2024-FY EPS reported $2.20 revenue$15,086,000,000

Q4 diluted EPS $0.54 on net sales of $4.1B (down 3% YoY); comparable sales +3%.
Full year net sales $15.1B (+1% reported, +2% ex-53rd week); operating income $1.1B (+80% YoY).
Operating cash flow $1.5B; free cash flow $1.0B; ended year with $2.6B cash.
Board approved Q1 FY2025 dividend of $0.165/share, a 10% increase vs Q4 FY2024.
Repurchased 3M shares for $75M in Q4; total shareholder distributions $300M in FY2024.

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