The Gap, Inc. (GAP) Tops Q2 EPS by 3c
The Gap, Inc. (NYSE: GAP) reported Q2 EPS of $0.52, $0.03 better than the analyst estimate of $0.49. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.7 billion.
GUIDANCE:
The Gap, Inc. sees FY2026 EPS of $2.35-$2.45.
Current FY 2026 Outlook | Prior FY 2026 Outlook | FY 2025 | |||
Net sales | Up 1% to 1.5% year-over- | Up 1% to 2% year-over- | $15.4 billion | ||
Adjusted gross margin | Up slightly year-over- | Flat to up slightly year- | 40.8 % | ||
Adjusted operating | About flat year-over-year | About flat year-over-year | 33.5 % | ||
Adjusted operating | About 7.4% to 7.6% | About 7.3% to 7.5% | 7.3 % | ||
Adjusted interest, net | Approximately | Approximately | $17 million | ||
Adjusted effective tax | Approximately 25% to | Approximately 25% | 27.9 % | ||
Diluted weighted average | Approximately 367 | Approximately 375 | 384 million | ||
Adjusted diluted earnings | Approximately | Approximately | $2.13 | ||
Capital expenditures | Approximately | Approximately | $470 million | ||
Net store closures 2 | About flat | About flat | 32 |
For earnings history and earnings-related data on The Gap, Inc. (GAP) click here.