From Barchart: 2025-03-07 11:24:00

Gap (NYSE:GAP) stock jumped 14% after reporting Q4 earnings above expectations and a 10% dividend increase. Q4 adjusted EPS was $0.54, beating estimates of $0.36, with revenue at $4.1 billion, exceeding the forecast of $4.07 billion. Comparable sales rose 3% YoY, showing steady growth.

CEO Richard Dickson highlighted Gap’s market share gains for the eighth consecutive quarter, with full-year 2024 net sales at $15.1 billion, up 1% from the previous year. Comparable sales also increased by 3%, while operating income surged over 80% to $1.1 billion.

Gap forecasts net sales growth of 1-2% for fiscal 2025, with operating income expected to rise 8-10%. Q1 2025 sales are projected to be flat to slightly positive compared to Q1 2024, indicating cautious optimism for the year ahead.



Read more at Barchart:: Gap Soars 14% on Strong Q4 Earnings Beat and Divid…