The Gap, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 07, 2024 at 04:15 pm EST
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The Gap, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 4,298 million compared to USD 4,243 million a year ago. Net income was USD 185 million compared to net loss of USD 273 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to basic loss per share from continuing operations of USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to diluted loss per share from continuing operations of USD 0.75 a year ago.
For the full year, sales was USD 14,889 million compared to USD 15,616 million a year ago. Net income was USD 502 million compared to net loss of USD 202 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to basic loss per share from continuing operations of USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 1.34 compared to diluted loss per share from continuing operations of USD 0.55 a year ago.
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. 
