See more : One Liberty Properties, Inc. (OLP) 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.
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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 |
Gap raises guidance ahead of holidays after storms, warm weather slowed sales
Gap raised its guidance ahead of the holiday shopping season as it touted a "strong start" to the all-important fourth quarter. The apparel giant behind Old Navy, Banana Republic, Athleta and its eponymous banner blew past Wall Street's earnings estimates...
Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook
Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross...
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Matt Boss, JPMorgan equity research analyst, joins 'Closing Bell' to discuss the retail backdrop ahead of earnings and how to play the sector.
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Is The Gap (GAP) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Unlocking Q3 Potential of Gap (GAP): Exploring Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Gap (GAP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
Gap (GAP) Expected to Beat Earnings Estimates: Should You Buy?
Gap (GAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gap Inc. Announces Fourth Quarter Dividend
SAN FRANCISCO , Nov. 12, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP) today announced its board of directors has authorized a fourth quarter fiscal year 2024 dividend of $0.15 per share, payable on or after January 29, 2025, to shareholders of record...
Will Gap (GAP) Beat Estimates Again in Its Next Earnings Report?
Gap (GAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Source: https://incomestatements.info
Category: Stock Reports