The Gap, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022
March 03, 2022 at 04:15 pm EST
Share
The Gap, Inc. provided earnings guidance for the first quarter and full year of 2022. First quarter net sales expected to be down mid to high-single digits versus the first quarter of 2021.
For fiscal year 2022, the company expects its reported diluted earnings per share to be in the range of $1.95 to $2.15. The company expects fiscal year 2022 revenue growth to be in the low single-digit range versus fiscal year 2021.
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. 
