On Thursday evening, Gap reported adjusted EPS of $0.49 for the last three months of its 2023 fiscal year, compared with a loss of $0.75 a year earlier, with operating margin up to 5%, 'reflecting continued financial and operational rigor'.
At $4.3 billion, the clothing chain's sales were up 1% 'with market share gains'. On a comparable basis, they were stable, with a 4% increase in physical store sales and a 2% decline in online sales.
For the year ahead, the San Francisco-based group anticipates growth in operating profit "in the low to mid 10% range", as well as overall stable sales on a 52-week basis.
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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. 
