Brief: Gap Says Outlook FY Net Sales Up 1% To 2% Year-Over-Year Versus IBES Estimate Up 2.45%

The Gap

28/05/2026 21:15

May 28 (Reuters) - Gap Inc GAP.N:
GAP Q1 COMPARABLE SALES UP 2% VERSUS IBES ESTIMATE UP 3.06%
GAP Q1 NET SALES $3.50 BILLION VERSUS IBES ESTIMATE $3.52 BILLION
GAP Q1 ADJUSTED EPS $0.38 VERSUS IBES ESTIMATE $0.37
GAP OUTLOOK FY NET SALES UP 1% TO 2% YEAR-OVER-YEAR VERSUS IBES ESTIMATE UP 2.45%
GAP OUTLOOK Q2 NET SALES FLAT TO DOWN 1% YEAR-OVER-YEAR VERSUS IBES ESTIMATE UP 2.12%
GAP OUTLOOK Q2 GROSS MARGIN FLAT TO DOWN 50 BASIS POINTS
GAP: NET TARIFF BENEFIT EXPECTED TO BE CONCENTRATED IN Q2  Q3 BASED ON TIMING OF RECEIPTS
GAP OUTLOOK FY ADJUSTED DILUTED EPS ABOUT $2.30 TO $2.40 VERSUS IBES ESTIMATE $2.33
GAP: Q2 FISCAL 2026 DIVIDEND OF $0.175 PER SHARE
GAP: SEES ABOUT $80 MILLION OF NET TARIFF RELIEF TO GROSS PROFIT  OPERATING INCOME OR ABOUT 50 BPS OF BENEFIT TO GROSS MARGIN  OPERATING MARGIN IN FISCAL 2026
Source text: [ID:]
Further company coverage: GAP.N

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