VIAV's new VINS tech enables UAVs to navigate GPS-denied zones with high accuracy as spoofing attacks escalate globally.
Retailers are "scared to hell" about the tariff landscape, Mickey Drexler, former CEO of Gap Inc. and former chairman of J. Crew Group, tells Madison Mills and Brad Smith on Morning Brief.
GAP posts Q1 fiscal 2025 gains on strong brand performance and cost management efforts.
GAP beat Q1 estimates and rallied 31% in 3 months - so why did the stock plunge 15%? Tariff risks and brand struggles may hold the answer.
The company estimates that new levies could drag on operating income by as much as $150 million.
The Gap, Inc. (NYSE:GAP ) Q1 2025 - Earnings Conference Call May 29, 2025 5:00 PM ET Company Participants Whitney Notaro - Head of IR Richard Dickson - President and CEO Katrina O'Connell - CFO Conference Call Participants Alex Straton - Morgan Stanley Adrienne Yih - Barclays Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Dana Telsey - Telsey Group Paul Lejuez - Citigroup Ike Boruchow - Wells Fargo Simeon Siegel - BMO Capital Markets Operator Good afternoon, ladies and gentlemen. I would like to welcome everyone to the Gap, Inc. First Quarter 2025 Earnings Conference Call.
Gap (GAP) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.41 per share a year ago.
Gap Inc.'s stock drops after the retailer called for flat current-quarter sales.
Gap Inc (NYSE:GPS) fell more than 15% in after-hours trading on Thursday as a flat revenue forecast for the second quarter and ongoing tariff concerns overshadowed better-than-expected first-quarter results. The apparel retailer reported Q1 revenue of $3.5 billion, above estimates of $3.42 billion and up 2% year-over-year.
Gap delivered another strong earnings beat but President Donald Trump's trade war is weighing on its turnaround. The company is expecting tariffs to cost $250 million to $300 million, without mitigation efforts.
Gap Inc. stock (NYSE: GAP) is set to announce its fiscal first-quarter earnings on Thursday, May 29, 2025, with analysts forecasting earnings of 45 cents per share and $3.42 billion in revenue. This would indicate a 7% year-over-year rise in earnings and a 1% increase in sales compared to the previous year's figures of 42 cents per share and $3.39 billion in revenue.
GAP expects modest Q1 growth, margin expansions and brand momentum, with cost controls helping offset macro and tariff headwinds in the upcoming report.