Gap Inc. Q1 net sales up 1% to $3.5B; adj. EPS $0.38; raises full-year EPS outlook

GAP INC

Net sales $3.5B (+1% YoY), comparable sales +2% (9th consecutive quarter).
Adj. diluted EPS $0.38 (excl. $313M legal settlement gain & $50M donation); GAAP EPS $0.90.
Gross margin 40.5% (-130bps YoY) but exceeded outlook; merchandise margin impacted by ~200bps tariff.
Returned $464M to shareholders via buybacks ($401M) and dividends ($63M); quarterly dividend $0.175/share.
Raises full-year EPS guidance; free cash flow $78M; cash & investments $2.6B (+15% YoY).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GAP INC reported first quarter of fiscal 2026 ended May 2, 2026 results: revenue $3.5 billion, net income $339 million, EPS $0.90. Guidance raised.

Period: first quarter of fiscal 2026 ended May 2, 2026
Revenue: $3.5 billion
Net income: $339 million
EPS: $0.90
Guidance: raised
Result: reported results

Exact text from the filing

the growing strength of our balance sheet and our strong conviction in the long-term potential of the company.” First Quarter Fiscal 2026 – Financial Results • Net sales of $3.5 billion were up 1% compared to last year. Comparable sales were up 2%. • Store sales increased 3% compared to last year. The Company ended the quarter with nearly 3,500 store locations

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

GAP INC filing history →

Source: SEC EDGAR

accession 0001628280-26-038825

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