From Yahoo Finance: 2025-05-30 11:37:00

Gap Inc. saw a 2% increase in net sales to $3.46bn in Q1 of fiscal 2025, with Gap and Old Navy driving growth. Banana Republic’s net sales fell 3% to $428m. E-commerce sales rose by 6%, representing 39% of total net sales. Gap expects 1-2% net sales growth for the year. Operating income increased to $260m.

Gap anticipates an 8-10% rise in operating income for 2025. The company set aside $600m for capital expenditures. Tariffs are expected to add $250-300m in costs, with strategies to mitigate. Gap operates 3,500 stores across 35 countries. The company remains focused on long-term growth despite trade uncertainties.



Read more at Yahoo Finance: Gap Q1 FY25 beats expectations amid flat revenue forecast and tariff fears