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Gap Inc | 8-K: Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook

Gap Inc | 8-K: Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook

Gap Inc | 8-K:Gap Inc. 公布2024财年第三季度业绩,上调全年展望
美股SEC公告 ·  2024/11/21 16:20

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Gap Inc. reported strong Q3 fiscal 2024 results, with net sales up 2% to $3.8 billion and comparable sales rising 1% year-over-year. Operating margin improved 270 basis points to 9.3%, while net income reached $274 million or $0.72 per diluted share.All brands gained market share, with Old Navy, Gap, and Athleta showing positive comparable sales growth. Online sales increased 7%, representing 40% of total net sales. The company's gross margin expanded 140 basis points to 42.7%, driven by improved inventory management.Based on the strong performance, Gap Inc. raised its full-year outlook for fiscal 2024. The company now expects net sales growth of 1.5% to 2.0% on a 52-week basis, approximately 220 basis points of gross margin expansion, and operating income growth in the mid to high 60% range compared to adjusted fiscal 2023 results.
Gap Inc. reported strong Q3 fiscal 2024 results, with net sales up 2% to $3.8 billion and comparable sales rising 1% year-over-year. Operating margin improved 270 basis points to 9.3%, while net income reached $274 million or $0.72 per diluted share.All brands gained market share, with Old Navy, Gap, and Athleta showing positive comparable sales growth. Online sales increased 7%, representing 40% of total net sales. The company's gross margin expanded 140 basis points to 42.7%, driven by improved inventory management.Based on the strong performance, Gap Inc. raised its full-year outlook for fiscal 2024. The company now expects net sales growth of 1.5% to 2.0% on a 52-week basis, approximately 220 basis points of gross margin expansion, and operating income growth in the mid to high 60% range compared to adjusted fiscal 2023 results.
Gap Inc.公布了2024财年第三季度强劲的业绩,净销售额同比增长2%,达到38亿, comparable sales同比增长1%。营业利润率提高了270个基点,达到了9.3%,净利润达到27400万美元,合每股稀释后收益0.72美元。所有品牌都获得了市场份额,Old Navy、Gap和Athleta表现出正面的可比销售增长。在线销售增长了7%,占总净销售的40%。公司的毛利率提高了140个基点,达到了42.7%,这得益于库存管理的改善。基于强劲的业绩,Gap Inc.上调了2024财年的全年预期。公司现在预计净销售增长将在1.5%至2.0%之间,按照52周计算,毛利率扩张大约220个基点,营业收入增长将在60%中高区间,比较调整后的2023财年业绩。
Gap Inc.公布了2024财年第三季度强劲的业绩,净销售额同比增长2%,达到38亿, comparable sales同比增长1%。营业利润率提高了270个基点,达到了9.3%,净利润达到27400万美元,合每股稀释后收益0.72美元。所有品牌都获得了市场份额,Old Navy、Gap和Athleta表现出正面的可比销售增长。在线销售增长了7%,占总净销售的40%。公司的毛利率提高了140个基点,达到了42.7%,这得益于库存管理的改善。基于强劲的业绩,Gap Inc.上调了2024财年的全年预期。公司现在预计净销售增长将在1.5%至2.0%之间,按照52周计算,毛利率扩张大约220个基点,营业收入增长将在60%中高区间,比较调整后的2023财年业绩。
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