Highest-materiality recent filing
Gap Inc. Q1 net sales up 1% to $3.5B; adj. EPS $0.38; raises full-year EPS outlook
Net sales $3.5B (+1% YoY), comparable sales +2% (9th consecutive quarter).
Gap Inc. reports FY2025 net sales up 2% to $15.4B, EPS $2.13; guides FY2026 adj. EPS $2.20-$2.35
Q4 net sales $4.2B (+2% YoY), comp sales +3%, diluted EPS $0.45; full-year EPS $2.13.
Gap Inc. Q3 net sales $3.9B +3% YoY, comp +5%; raises FY operating margin outlook to ~7.2%
Net sales $3.9B, up 3% YoY; diluted EPS $0.62; comp sales +5% (7th consecutive quarter positive).
Gap Q2 EPS up 6% to $0.57; comp sales +1% for 6th straight quarter
Net sales flat at $3.7B; comparable sales +1% YoY; online sales +3% to 34% of total.
Gap Inc. names Maggie Gauger Athleta CEO; Chris Blakeslee steps down
Chris Blakeslee to step down as Athleta CEO effective July 31; last day Nov 3, 2025.
Gap Inc. Q1 net sales $3.5B (+2% YoY), EPS $0.51; raises FY2025 outlook despite tariff headwinds
Q1 net sales $3.5B (+2% YoY), comparable sales +2%; net income $193M, diluted EPS $0.51.
Gap Q4 EPS $0.54; FY24 net sales $15.1B, raises dividend 10%
Q4 diluted EPS $0.54 on net sales of $4.1B (down 3% YoY); comparable sales +3%.
Gap Inc. Q3 net sales $3.8B (+2% YoY); EPS $0.72; raises FY outlook
Net sales $3.8B (+2% YoY); comparable sales +1%; operating margin 9.3% (improved 270bps).
Gap Inc. Q2 net sales up 5% to $3.7B, EPS $0.54; raises FY gross margin and op income outlook
Net sales $3.7B, up 5% YoY; comparable sales up 3% driven by Old Navy and Gap.
Gap Inc. Q1 net sales up 3% to $3.4B; raises full-year guidance
Net sales of $3.4B, up 3% YoY; comparable sales up 3% with positive comps at all four brands.
Gap Q4 net sales up 1% to $4.3B; EPS $0.49; full-year operating cash flow $1.5B
Q4 net sales $4.3B (+1% YoY, flat comparable); gross margin 38.9% (+530bps); net income $185M ($0.49 EPS).
Gap Inc. Q3 net sales $3.8B (-7% YoY); adjusted EPS $0.59; gross margin up 390 bps
Net sales $3.8B (-7% YoY, incl. ~2pp negative from Gap China sale); comparable sales -2%.
Gap Q2: net sales $3.55B (-8% YoY), gross margin +310bps, adj EPS $0.34; new CEO Richard Dickson
Net sales $3.55B, down 8% YoY (includes 1pt FX headwind, 2pts from Gap China sale). Comparable sales down 6%.
Gap Inc. appoints Richard Dickson as President and CEO, effective Aug 22, 2023
Dickson, former Mattel COO, succeeds interim CEO Bob Martin; Martin remains Board Chair.
Gap Q1 net sales $3.28B down 6%; reported loss $0.05, adj EPS $0.01
Net sales $3.28B (-6% YoY); comparable sales -3%; online sales -9% to 37% of total.
Gap announces restructuring plan to cut 1,800 jobs with $100-120M costs, $300M annual savings
Workforce reduction of ~1,800 employees, primarily headquarters and upper field staff.
Gap Q4 net loss $273M; FY22 loss $202M; eliminates two exec roles; $550M savings identified
Q4 net sales $4.24B down 6% YoY; comparable sales down 5%; diluted loss per share $0.75.
Gap Inc. Q3 net sales $4.04B (+2% YoY); adjusted EPS $0.71; margins compress, inventory up 12%
Net sales $4.04B (+2% YoY); comparable sales +1%.
Gap Inc. posts Q2 net loss of $49M; sales down 8%, inventory up 37%
Bob Martin (Executive Chairman) named Interim President & CEO; search for permanent CEO underway.
Gap CEO Sonia Syngal steps down; Bob Martin interim CEO; Q2 margin guidance turns negative
Sonia Syngal resigns as CEO and Board director effective July 11, 2022; Bob Martin named interim CEO.
Gap Inc. Q1 net loss $162M; revenue -13%; Old Navy comps -22%; FY outlook cut
Net loss $162M ($0.44 diluted loss per share); net sales $3.5B, down 13% from last year.
Gap Inc. updates Q1 outlook to low-to-mid teens decline; Old Navy CEO Nancy Green departs
Nancy Green exits as Old Navy President/CEO effective May 1, 2022; external search underway.
Gap Inc. Q4 adjusted loss $0.02; FY2021 adj. EPS $1.44; guides FY2022 adj. EPS $1.85-$2.05
Q4 net sales $4.5B, down 3% vs 2019; online 43% of sales; adjusted diluted loss per share $0.02.
Gap Q3 adjusted EPS $0.27; net sales -1% vs 2019; supply chain hit, guidance revised
Net sales $3.9B (-1% vs 2019); comparable sales +5%; online sales +48%.
Gap closes $1.5B senior notes offering, repurchases $1.9B high-yield secured notes
Closed $1.5B senior unsecured notes: $750M 3.625% due 2029 and $750M 3.875% due 2031.
Gap launches $1.5B refinancing: tenders secured notes, prices new unsecured debt
Offers to purchase any & all of 8.375% 2023 ($500M), 8.625% 2025 ($750M), 8.875% 2027 ($1B) secured notes.
Gap Inc. Q2 net sales $4.2B (+5% vs 2019); raises FY EPS guidance to $1.90-$2.05
Q2 comparable sales up 12% vs 2019; Old Navy +21%, Athleta +35%, Gap -10%, Banana Republic -15%.
On August 22, 2023, in connection with his stepping down as interim Chief Executive Officer of the Company and continuing as Executive Chair of the Company's Board of Directors (the "Board") through October 28, 2023, the Company and Bob L. Martin entered into an amendment
appointed Richard Dickson as the Company's Chief Executive Officer ("CEO") and President, effective August 22, 2023
the Company has decided to eliminate Asheesh Saksena's role as the Company's Chief Growth Officer, effective March 9, 2023.
Mary Beth Laughton, a named executive officer of the Company, will be leaving her role as President and Chief Executive Officer of Athleta, effective March 9, 2023.
On November 8, 2022, the board of directors (the “Board”) of The Gap, Inc. (the “Company”) appointed Richard Dickson to serve as a director of the Company and as a member of the Board's Compensation and Management Development Committee, with such appointments effective the same day.
On July 11, 2022, The Gap, Inc. (the "Company") filed a Current Report on Form 8-K (the "Original 8-K") announcing the appointment of Bob L. Martin as the Company's Interim Chief Executive Officer.
Executive Chairman Bob Martin will serve as Interim Chief Executive Officer and Mayo Shattuck will continue to serve as lead independent director of the Company’s Board of Directors.
On July 11, 2022, The Gap, Inc. (the "Company") issued a press release (the “Press Release”) announcing that Sonia Syngal is stepping down from her position as President and Chief Executive Officer of the Company, and has resigned from the Company’s Board of Directors, both effective immediately.
Nancy Green, a named executive officer of The Gap, Inc. (the “Company”), will be leaving her role as President and Chief Executive Officer of Old Navy.
On November 10, 2021, The Gap, Inc. (the “Company”) was notified of and accepted Isabella D. Goren’s resignation from its Board of Directors, effective December 31, 2021.
On November 9, 2021, the board of directors (the “Board”) of The Gap, Inc. (the “Company”) appointed Elisabeth (Lisa) B. Donohue to serve as a director of the Company
Max materiality 0.85 · Median 0.70 · Most common event earnings