See more : Rakon Limited (RAK.NZ) Income Statement Analysis – Financial Results
Complete financial analysis of The Gap, Inc. (GAP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Gap, Inc., a leading company in the Apparel – Retail industry within the Consumer Cyclical sector.
You may be interested
- United Microelectronics Corporation (UMC) Income Statement Analysis – Financial Results
- MarketWise, Inc. (MKTW) Income Statement Analysis – Financial Results
- Hannover Rück SE (HVRRF) Income Statement Analysis – Financial Results
- Fujikura Kasei Co., Ltd. (4620.T) Income Statement Analysis – Financial Results
- Pan Pacific International Holdings Corporation (7532.T) Income Statement Analysis – Financial Results
The Gap, Inc. (GAP)
About The Gap, Inc.
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of December 31, 2021, the company had 2,835 company-operated stores and 564 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.89B | 15.62B | 16.67B | 13.80B | 16.38B | 16.58B | 15.86B | 15.52B | 15.80B | 16.44B | 16.15B | 15.65B | 14.55B | 14.66B | 14.20B | 14.53B | 15.76B | 15.94B | 16.02B | 16.27B | 15.85B | 14.45B | 13.85B | 13.67B | 11.64B | 9.05B | 6.51B | 5.28B | 4.40B | 3.72B | 3.30B | 2.96B | 2.52B | 1.93B | 1.59B | 1.25B | 1.06B | 848.00M | 647.30M |
| Cost of Revenue | 9.11B | 10.26B | 10.03B | 9.10B | 10.25B | 10.26B | 9.79B | 9.88B | 10.08B | 10.15B | 9.86B | 9.48B | 9.28B | 8.78B | 8.47B | 9.08B | 10.07B | 10.29B | 10.15B | 9.89B | 9.89B | 9.54B | 9.70B | 8.01B | 6.34B | 4.99B | 3.75B | 3.07B | 2.62B | 2.18B | 1.98B | 1.84B | 1.49B | 1.18B | 1.00B | 815.40M | 655.40M | 478.30M | 396.10M |
| Gross Profit | 5.78B | 5.36B | 6.64B | 4.71B | 6.13B | 6.32B | 6.07B | 5.64B | 5.72B | 6.29B | 6.29B | 6.17B | 5.27B | 5.89B | 5.72B | 5.45B | 5.69B | 5.65B | 5.87B | 6.38B | 5.97B | 4.91B | 4.14B | 5.66B | 5.30B | 4.06B | 2.76B | 2.21B | 1.77B | 1.54B | 1.32B | 1.12B | 1.03B | 754.00M | 584.10M | 436.70M | 406.60M | 369.70M | 251.20M |
| Gross Profit Ratio | 38.79% | 34.32% | 39.81% | 34.09% | 37.44% | 38.13% | 38.26% | 36.35% | 36.21% | 38.27% | 38.97% | 39.43% | 36.25% | 40.16% | 40.32% | 37.50% | 36.11% | 35.43% | 36.63% | 39.23% | 37.64% | 33.99% | 29.92% | 41.43% | 45.52% | 44.87% | 42.35% | 41.90% | 40.30% | 41.37% | 39.92% | 37.79% | 40.97% | 38.99% | 36.81% | 34.88% | 38.29% | 43.60% | 38.81% |
| Research & Development | 37.00M | 46.00M | 41.00M | 46.00M | 41.00M | 50.00M | 51.00M | 46.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 4.33B | 4.70B | 4.14B | 4.39B | 966.00M | 970.00M | 855.00M | 832.00M | 3.59B | 880.00M | 884.00M | 770.00M | 738.00M | 744.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.64B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 882.00M | 1.04B | 1.12B | 816.00M | 687.00M | 650.00M | 673.00M | 601.00M | 578.00M | 639.00M | 637.00M | 653.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 882.00M | 5.37B | 5.81B | 4.96B | 5.08B | 966.00M | 970.00M | 855.00M | 832.00M | 4.23B | 880.00M | 884.00M | 770.00M | 738.00M | 744.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.04B | 2.40B | 1.64B | 1.27B | 1.00B | 853.50M | 748.20M | 661.30M | 575.70M | 454.20M | 364.10M | 277.40M | 254.20M | 209.20M | 162.80M |
| Other Expenses | 5.22B | 5.43B | 5.83B | 5.57B | 5.56B | 4.96B | 4.59B | 4.45B | 4.23B | 4.21B | 4.14B | 4.23B | 3.84B | 3.92B | 3.91B | 3.90B | 4.38B | 4.39B | 4.08B | 4.51B | 4.09B | 4.11B | 3.90B | 3.69B | 31.60M | 13.60M | 269.70M | -19.10M | -15.40M | -10.50M | 141.80M | 114.00M | 82.10M | 61.50M | 43.80M | 30.00M | 23.80M | 21.70M | 17.10M |
| Operating Expenses | 5.22B | 5.43B | 5.83B | 5.57B | 5.56B | 4.96B | 4.59B | 4.45B | 4.20B | 4.21B | 4.14B | 4.23B | 3.84B | 3.92B | 3.91B | 3.90B | 4.38B | 4.48B | 4.12B | 4.30B | 4.09B | 3.90B | 3.81B | 4.22B | 3.48B | 2.73B | 1.90B | 1.49B | 1.20B | 1.02B | 890.00M | 775.30M | 657.80M | 515.70M | 407.90M | 307.40M | 278.00M | 230.90M | 179.90M |
| Cost & Expenses | 14.33B | 15.69B | 15.86B | 14.66B | 15.81B | 15.22B | 14.38B | 14.33B | 14.27B | 14.35B | 14.00B | 13.71B | 13.11B | 12.70B | 12.38B | 12.98B | 14.45B | 14.77B | 14.28B | 14.18B | 13.98B | 13.44B | 13.51B | 12.23B | 9.82B | 7.72B | 5.66B | 4.56B | 3.83B | 3.20B | 2.87B | 2.62B | 2.14B | 1.70B | 1.41B | 1.12B | 933.40M | 709.20M | 576.00M |
| Interest Income | 86.00M | 18.00M | 5.00M | 10.00M | 30.00M | 33.00M | 19.00M | 8.00M | 6.00M | 5.00M | 5.00M | 6.00M | 5.00M | 14.00M | 7.00M | 7.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 90.00M | 88.00M | 167.00M | 192.00M | 76.00M | 40.00M | 55.00M | 67.00M | 53.00M | 70.00M | 56.00M | 81.00M | 74.00M | 14.00M | 1.00M | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 522.00M | 540.00M | 504.00M | 507.00M | 557.00M | 578.00M | 559.00M | 593.00M | 527.00M | 500.00M | 470.00M | 483.00M | 506.00M | 562.00M | 573.00M | 568.00M | 547.00M | 530.00M | 625.00M | 620.00M | 664.00M | 780.88M | 810.49M | 590.37M | 436.20M | 326.40M | 269.70M | 214.90M | 197.40M | 168.20M | 141.80M | 114.00M | 82.10M | 61.50M | 43.80M | 30.00M | 23.80M | 21.70M | 17.10M |
| EBITDA | 1.17B | 489.43M | 994.00M | -403.00M | 1.16B | 1.97B | 2.06B | 1.79B | 2.14B | 2.65B | 2.70B | 2.51B | 2.04B | 1.97B | 2.49B | 2.12B | 1.86B | 1.70B | 2.37B | 2.66B | 2.54B | 1.79B | 1.15B | 2.04B | 2.25B | 1.66B | 1.12B | 944.00M | 766.80M | 686.60M | 567.50M | 457.50M | 456.40M | 299.80M | 220.00M | 159.30M | 152.40M | 160.50M | 88.40M |
| EBITDA Ratio | 7.84% | 3.02% | 9.83% | -2.15% | 6.90% | 11.33% | 12.48% | 11.10% | 12.98% | 15.72% | 16.22% | 15.49% | 13.36% | 17.44% | 16.83% | 14.57% | 11.81% | 10.69% | 14.79% | 17.27% | 16.04% | 12.41% | 8.29% | 14.88% | 19.36% | 18.33% | 17.18% | 17.49% | 17.09% | 18.15% | 17.22% | 15.45% | 18.12% | 15.50% | 14.55% | 12.72% | 14.35% | 18.93% | 13.66% |
| Operating Income | 622.00M | -69.00M | 1.14B | -862.00M | 574.00M | 1.36B | 1.48B | 1.19B | 1.52B | 2.08B | 2.15B | 1.94B | 1.44B | 1.97B | 1.82B | 1.55B | 1.32B | 1.17B | 1.75B | 2.09B | 1.88B | 1.01B | 337.52M | 1.44B | 1.82B | 1.33B | 851.30M | 729.10M | 569.40M | 518.40M | 425.70M | 343.50M | 374.30M | 238.30M | 176.20M | 129.30M | 128.60M | 138.80M | 71.30M |
| Operating Income Ratio | 4.18% | -0.44% | 6.81% | -6.25% | 3.50% | 8.21% | 9.33% | 7.68% | 9.65% | 12.67% | 13.31% | 12.41% | 9.88% | 13.42% | 12.78% | 10.66% | 8.34% | 7.36% | 10.89% | 12.82% | 11.85% | 7.01% | 2.44% | 10.57% | 15.61% | 14.72% | 13.08% | 13.80% | 12.95% | 13.92% | 12.92% | 11.60% | 14.86% | 12.32% | 11.11% | 10.33% | 12.11% | 16.37% | 11.01% |
| Total Other Income/Expenses | -66.00M | -70.00M | -487.00M | -240.00M | -46.00M | -40.00M | -55.00M | -67.00M | -53.00M | -70.00M | -56.00M | -81.00M | -69.00M | 14.00M | 1.00M | -231.00M | 91.00M | 61.00M | 48.00M | -213.00M | -196.00M | -211.13M | -95.88M | -62.88M | -31.70M | -13.70M | 2.90M | 19.50M | 15.80M | 10.90M | -800.00K | -3.70M | -3.50M | -1.40M | -13.50M | -3.50M | -3.90M | -1.60M | -3.40M |
| Income Before Tax | 556.00M | -139.00M | 323.00M | -1.10B | 528.00M | 1.32B | 1.42B | 1.12B | 1.47B | 2.01B | 2.09B | 1.86B | 1.37B | 1.98B | 1.82B | 1.58B | 1.41B | 1.26B | 1.79B | 1.87B | 1.68B | 800.88M | 241.64M | 1.38B | 1.79B | 1.32B | 854.20M | 748.60M | 585.20M | 529.30M | 424.90M | 339.80M | 370.80M | 236.90M | 162.70M | 125.80M | 124.70M | 137.20M | 67.90M |
| Income Before Tax Ratio | 3.73% | -0.89% | 1.94% | -7.99% | 3.22% | 7.97% | 8.98% | 7.24% | 9.31% | 12.25% | 12.96% | 11.89% | 9.41% | 13.52% | 12.79% | 10.90% | 8.92% | 7.93% | 11.19% | 11.51% | 10.62% | 5.54% | 1.74% | 10.11% | 15.34% | 14.57% | 13.13% | 14.17% | 13.31% | 14.22% | 12.89% | 11.48% | 14.72% | 12.25% | 10.25% | 10.05% | 11.74% | 16.18% | 10.49% |
| Income Tax Expense | 54.00M | 63.00M | 67.00M | -437.00M | 177.00M | 319.00M | 576.00M | 448.00M | 551.00M | 751.00M | 813.00M | 726.00M | 536.00M | 778.00M | 714.00M | 617.00M | 539.00M | 486.00M | 680.00M | 722.00M | 653.00M | 323.42M | 249.41M | 504.39M | 657.90M | 494.70M | 320.30M | 295.70M | 231.20M | 209.10M | 166.50M | 129.10M | 140.90M | 92.40M | 65.10M | 51.60M | 55.10M | 69.10M | 33.50M |
| Net Income | 502.00M | -202.00M | 256.00M | -665.00M | 351.00M | 1.00B | 848.00M | 676.00M | 920.00M | 1.26B | 1.28B | 1.14B | 833.00M | 1.20B | 1.10B | 967.00M | 833.00M | 778.00M | 1.11B | 1.15B | 1.03B | 477.46M | -7.76M | 877.50M | 1.13B | 824.50M | 533.90M | 452.90M | 354.00M | 320.20M | 258.40M | 210.70M | 229.90M | 144.50M | 97.60M | 74.20M | 69.60M | 68.10M | 27.70M |
| Net Income Ratio | 3.37% | -1.29% | 1.54% | -4.82% | 2.14% | 6.05% | 5.35% | 4.36% | 5.82% | 7.68% | 7.93% | 7.25% | 5.73% | 8.21% | 7.76% | 6.66% | 5.28% | 4.88% | 6.95% | 7.07% | 6.50% | 3.30% | -0.06% | 6.42% | 9.69% | 9.11% | 8.20% | 8.57% | 8.05% | 8.60% | 7.84% | 7.12% | 9.13% | 7.47% | 6.15% | 5.93% | 6.55% | 8.03% | 4.28% |
| EPS | 1.36 | -0.55 | 0.68 | -1.78 | 0.93 | 2.61 | 2.16 | 1.69 | 2.24 | 2.90 | 2.78 | 2.35 | 1.57 | 1.89 | 1.59 | 1.59 | 1.05 | 0.94 | 1.26 | 1.29 | 1.15 | 0.55 | -0.01 | 1.03 | 1.32 | 0.95 | 0.60 | 0.49 | 0.38 | 0.34 | 0.27 | 0.23 | 0.25 | 0.16 | 0.11 | 0.08 | 0.07 | 0.07 | 0.03 |
| EPS Diluted | 1.34 | -0.55 | 0.67 | -1.78 | 0.93 | 2.59 | 2.14 | 1.69 | 2.23 | 2.87 | 2.74 | 2.33 | 1.56 | 1.88 | 1.58 | 1.58 | 1.05 | 0.93 | 1.24 | 1.21 | 1.09 | 0.54 | -0.01 | 1.00 | 1.26 | 0.91 | 0.58 | 0.47 | 0.37 | 0.33 | 0.27 | 0.22 | 0.24 | 0.15 | 0.10 | 0.07 | 0.07 | 0.07 | 0.03 |
| Weighted Avg Shares Out | 370.00M | 367.00M | 376.00M | 373.60M | 376.00M | 385.00M | 393.00M | 399.00M | 411.00M | 435.00M | 461.00M | 482.00M | 529.00M | 636.00M | 694.00M | 694.00M | 791.00M | 831.00M | 881.00M | 893.00M | 892.55M | 867.27M | 860.26M | 849.81M | 853.86M | 867.89M | 891.40M | 924.29M | 931.58M | 941.76M | 957.04M | 916.09M | 919.60M | 903.13M | 887.27M | 927.50M | 994.29M | 972.86M | 923.33M |
| Weighted Avg Shares Out (Dil) | 376.00M | 367.00M | 383.00M | 374.00M | 378.00M | 388.00M | 396.00M | 400.00M | 413.00M | 440.00M | 467.00M | 488.00M | 533.00M | 641.00M | 699.00M | 699.00M | 794.00M | 836.00M | 902.00M | 991.00M | 988.18M | 883.33M | 860.26M | 879.14M | 894.52M | 906.04M | 922.95M | 963.62M | 956.76M | 970.30M | 957.04M | 957.73M | 957.92M | 963.33M | 976.00M | 1.06B | 994.29M | 972.86M | 923.33M |
Chart of the Day: Gap
Gap surging after earnings. It's our Chart of the Day.
Why The Gap Stock Jumped Today
The Gap modestly grew sales but it boosted its profits by consequential amounts. The stock was cheaply valued and its profit surge should continue at least for the near term.
These Analysts Increase Their Forecasts On Gap Following Better-Than-Expected Earnings
The Gap, Inc. GAP reported better-than-expected earnings for its second quarter and raised its outlook for FY24 gross margin.
Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View
GAP's third-quarter fiscal 2024 results are solid due to gains from strength in brands and other strategic efforts. The company has also been managing costs.
The Gap: Brand Momentum Can Carry Shares Higher (Upgrade)
The Gap's shares jumped 8% after strong quarterly results, with cost controls supporting margin expansion and a notable rise in online sales. Athleta showed a strong performance, while Banana Republic stabilized; Old Navy remains resilient despite economic headwinds. Gap's robust...
The retail earnings picture is a mixed bag; here are the winners and losers
CNBC's Courtney Reagan joins 'Money Movers' to discuss Gap's stock surge.
2 Retail Stocks Making Outsized Moves After Earnings
Shares of Gap Inc (NYSE:GAP) and Ross Stores Inc (NASDAQ:ROST) are both making outsized moves, after the retail companies posted their quarterly results.
Gap Stock Jumps as Old Navy Parent Boosts Outlook
Shares of The Gap (GAP) are surging in premarket trading after the apparel retailer reported stronger-than-expected third-quarter results and boosted its full-year sales outlook.
Gap is still in the early innings of its brand overhaul, but analysts say it's working
Gap Inc. is still in the early innings of a brand overhaul under Chief Executive Richard Dickson, but the early signs suggest his strategy is working, analysts said Friday.
Gap shares surge as upbeat sales expectations signal promising start to holiday season
Gap shares soared 15% premarket on Friday, as a return to growth at all four of its brands after nearly two years encouraged the apparel retailer to lift its annual sales forecast in a robust start to the holiday shopping...
Source: https://incomestatements.info
Category: Stock Reports