earnings
confidence high
sentiment positive
materiality 0.75
Gap Inc. Q1 net sales $3.5B (+2% YoY), EPS $0.51; raises FY2025 outlook despite tariff headwinds
GAP INC
2025-Q1 EPS reported
$0.51
revenue$3,463,000,000
- Q1 net sales $3.5B (+2% YoY), comparable sales +2%; net income $193M, diluted EPS $0.51.
- Operating margin 7.5% (+140 bps YoY); gross margin 41.8% (+60 bps).
- Old Navy comp +3% (9th consecutive market share gains); Gap comp +5% (6th consecutive positive comp).
- Athleta comp -8%, Banana Republic flat; online sales +6%, 39% of total.
- FY2025 outlook: net sales +1%-2%, operating income +8%-10% (excl. tariff); net tariff impact ~$100M-$150M, back-half weighted.
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