Gap Earnings Reports

Gap Inc. delivered stronger than expected Q1 2025 results, driven by market share gains in Old Navy and Gap, with positive comparable sales and improved operating margin.

Gap Inc. reported Q4 2024 net sales of $4.1 billion, down 3% year-over-year, largely due to the loss of an extra week in fiscal 2023. Comparable sales increased by 3%, and the company maintained a gross margin of 38.9%. Net income stood at $206 million, with diluted EPS of $0.54. Operating income reached $259 million, with an operating margin of 6.2%. Online sales represented 41% of total sales.