The Gap, Inc. (GAP) Tops Q1 EPS by 7c; offers outlook

The Gap, Inc. (NYSE: GAP) reported Q1 EPS of $0.51, $0.07 better than the analyst estimate of $0.44. Revenue for the quarter came in at $3.46 billion versus the consensus estimate of $3.41 billion.

OUTLOOK

Fiscal 2025 Outlook

The below fiscal 2025 outlook does not reflect the potential effect of tariffs, which are currently 30% on most imports from China and 10% on most imports from other countries. If these tariff rates remain, they could result in a gross estimated incremental cost of approximately $250 million to $300 million. The company currently has strategies to mitigate more than half of that amount. After considering these mitigation strategies, the company estimates a remaining net impact of about $100 million to $150 million to fiscal 2025 operating income, primarily weighted to the back half of the year.

Full Year Fiscal 2025

Net sales: 1% to 2% growth

Second Quarter Fiscal 2025

Net sales: Approximately flat year-over-year

For earnings history and earnings-related data on The Gap, Inc. (GAP) click here.

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