The Gap, Inc. Provides Earnings Guidance for First Quarter and Full Year Fiscal 2024
March 07, 2024 at 04:17 pm EST
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The Gap, Inc. provided earnings guidance for first quarter and Full Year Fiscal 2024. For the First Quarter Fiscal 2024, Net sales to be Roughly flat Gross margin to be At least 100 bps expansion.
For the year, company expects Net sales to be Roughly flat on a 52-week basis. Gross margin to be At least 50 bps expansion. Operating income to be Low-to-mid teens growth.
The Gap, Inc. is a specialty apparel company in America. The Company offers apparel, accessories and personal care products for women, men and children. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories and lifestyle products for men, women and children. It is an omni-channel retailer, with sales to customers both in stores and online, through Company-operated and franchise stores, websites, and third-party arrangements. Its omni-channel services, including buying online pick-up in store, order-in-store, find-in-store, and ship-from-store, as well as enhanced mobile-enabled experiences, are tailored across its collection of brands. Gap includes adult apparel and accessories, GapKids, babyGap, Gap Maternity, GapBody, and GapFit collections. Banana Republic is a premium lifestyle retailer celebrating exploration and self-expression through timeless quality, versatile fabrics, and exceptionally made womenswear, menswear, and home designs.
THE GAP, INC. 
