The Gap, Inc. delivered a stellar Q4 with a surprising return to growth, beating revenue estimates by $80 million and showing strong comparable sales. Margin power remained robust, with gross margin at 38.9% for Q4 and 41.3% for the year, indicating solid profitability. The company reported net income of $206 million and EPS of $0.54, beating estimates by $0.17, with a growing cash position and increased dividend.
Shares of Gap Inc GAP rallied in early trading on Friday, after the company reported upbeat fourth-quarter results on Thursday.
Jim Cramer breaks down why he's keeping an eye on shares of Gap.
Gap Inc (NYSE: GAP) was struggling with sales declines, profitability concerns, and loss of cultural relevance amidst an ever-increasing competition in the retail market up until the first half of 2023. Then it named Richard Dickson its chief executive, hoping the market veteran could revitalise its brands just as he did with Barbie at Mattel.
After a year spent “fixing the fundamentals,” Gap Inc. is transitioning its focus in 2025 to “continuous improvement through innovation,” Gap President and CEO Richard Dickson said Thursday (March 6). Speaking during the company's quarterly earnings call, Dickson said Gap is pursuing innovation in artificial intelligence (AI) and other areas.
The Gap, Inc. (NYSE:GAP ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Whitney Notaro - Head of Investor Relations Richard Dickson - President and Chief Executive Officer Katrina O'Connell - Chief Financial Officer Conference Call Participants Alexandra Straton - Morgan Stanley Lorraine Hutchinson - Bank of America Merrill Lynch Matthew Boss - JPMorgan Chase & Co. Brooke Roach - Goldman Sachs Adrienne Yih - Barclays Dana Telsey - Telsey Advisory Group Irwin Boruchow - Wells Fargo Securities Operator Good afternoon, ladies and gentlemen. I would like to welcome everyone to The Gap, Inc. Fourth Quarter 2024 Earnings Conference Call.
Although the revenue and EPS for Gap (GAP) give a sense of how its business performed in the quarter ended January 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Gap (GAP -1.81%), operator of fashion-forward chains including Old Navy, Banana Republic, Athleta, and its eponymous Gap, released its fiscal fourth-quarter results on March 6. The standout metric in the report was earnings per share, which hit $0.54.
Gap (GAP) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.49 per share a year ago.
Gap's operating income guidance came in ahead of Wall Street's projections.
Gap beat fourth-quarter sales and profit estimates on Thursday, helped by improving demand for its apparel brands including Old Navy and Banana Republic during the holiday quarter, sending its shares up 16% in extended trading.
Gap's holiday-quarter profit is head and shoulders above Wall Street expectations and retailer speaks of a “reinvigoration” of its brands.