Gap Fiscal Q1 GAAP Earnings, Revenue Rise

MT Newswires Live

May 29

Gap (GAP) reported fiscal Q1 adjusted earnings late Thursday of $0.38 per diluted share. The company did not provide comparable adjusted earnings for the year-ago quarter. Analysts polled by FactSet expected $0.37.

The company reported GAAP earnings of $0.90 per diluted share, up from $0.51 a year earlier.

Revenue for the 13 weeks ended May 2 was $3.50 billion, up from $3.46 billion a year earlier.

Analysts surveyed by FactSet expected $3.52 billion.

For Q2, the company expects net sales to be flat to down 1% year-over-year.

For fiscal 2026, the company now expects adjusted EPS of $2.30 to $2.40, up from the prior forecast of $2.20 to $2.35. Analysts expect $2.29.

The company now expects fiscal 2026 net sales to be up 1% to 2% year-over-year, versus the prior outlook for 2% to 3% growth.

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The company did not provide comparable adjusted earnings for the year-ago quarter. Analysts polled by FactSet expected $0.37.</p><p>The company reported GAAP earnings of $0.90 per diluted share, up from $0.51 a year earlier.</p><p>Revenue for the 13 weeks ended May 2 was $3.50 billion, up from $3.46 billion a year earlier.</p><p>Analysts surveyed by FactSet expected $3.52 billion.</p><p>For Q2, the company expects net sales to be flat to down 1% year-over-year.</p><p>For fiscal 2026, the company now expects adjusted EPS of $2.30 to $2.40, up from the prior forecast of $2.20 to $2.35. Analysts expect $2.29.</p><p>The company now expects fiscal 2026 net sales to be up 1% to 2% year-over-year, versus the prior outlook for 2% to 3% growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GAP.AU","symbol_name":"GALE PACIFIC LIMITED","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2639619557","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2639619557","pubTimestamp":1780000652,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Analysts polled by FactSet expected $0.37.The company reported GAAP earnings of $0.90 per diluted share, up from $0.51 a year earlier.Revenue for the 13 weeks ended May 2 was $3.50 billion, up from $3.46 billion a year earlier.Analysts surveyed by FactSet expected $3.52 billion.For Q2, the company expects net sales to be flat to down 1% year-over-year.For fiscal 2026, the company now expects adjusted EPS of $2.30 to $2.40, up from the prior forecast of $2.20 to $2.35. Analysts expect $2.29.The company now expects fiscal 2026 net sales to be up 1% to 2% year-over-year, versus the prior outlook for 2% to 3% growth.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}