Gap down after annual adjusted profit forecast below estimates

GAP

05/03/2026 21:23

** Shares of apparel maker Gap GAP.N down 8% at $24.95 after the bell

** Co forecasts annual adjusted profit below estimates amid tariff driven margin pressure

** Expects fiscal 2026 adjusted profit per share between $2.20 to $2.35, mid point of which is below analysts' estimates of $2.32- as per LSEG data

** Co sees 200 basis points impact from import tariffs in U.S. on Q1 gross margins

** Co reports Q4 same-store sales growth of 3%, falling short of estimates of a 3.08% rise

** GAP was up 8.3% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))