GPS Stock Recent News

TORONTO, March 06, 2025 (GLOBE NEWSWIRE) -- The National Lung Health Alliance (NLHA) acknowledges today's approval of Canada's $32.5 billion Big Tobacco settlement, but Canada's most powerful lung health advocacy network warns that the funding is nowhere near enough to cover the true cost of tobacco-related disease and addiction in Canada. While this settlement was intended to offset the devastating impact of tobacco, the provincial allocations pale in comparison to the billions of dollars governments spend annually on healthcare costs stemming from tobacco use.

Gap (GAP -1.81%), operator of fashion-forward chains including Old Navy, Banana Republic, Athleta, and its eponymous Gap, released its fiscal fourth-quarter results on March 6. The standout metric in the report was earnings per share, which hit $0.54.

Gap (GAP) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.49 per share a year ago.

Gap's operating income guidance came in ahead of Wall Street's projections.

Gap beat fourth-quarter sales and profit estimates on Thursday, helped by improving demand for its apparel brands including Old Navy and Banana Republic during the holiday quarter, sending its shares up 16% in extended trading.

Gap's holiday-quarter profit is head and shoulders above Wall Street expectations and retailer speaks of a “reinvigoration” of its brands.

Gap beat Wall Street's expectations on the top and bottom lines for its all-important holiday quarter. The apparel giant behind Old Navy, Athleta, Banana Republic and its namesake chain has been in the midst of a turnaround plan under CEO Richard Dickson.

2024 net sales increased 1% versus last year with comparable sales up 3% All four brands gained market share in the year Full year operating income of $1.1 billion grew over 80% versus last year Generated $1.5 billion in operating cash flow for the year SAN FRANCISCO , March 6, 2025 /PRNewswire/ --  Gap Inc.  (NYSE: GAP), the largest specialty apparel company in the U.S., with a portfolio of brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its fourth quarter and fiscal year ended February 1, 2025. "We ended the year delivering another successful quarter, exceeding financial expectations and gaining market share for the 8th consecutive quarter," said President and Chief Executive Officer, Richard Dickson.

Gap's Q4 results are likely to reflect the benefits of strong holiday sales, refreshed online imagery and 15% store remodels, enhancing in-store and digital experiences.

Evaluate the expected performance of Gap (GAP) for the quarter ended January 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.