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AI brief of an SEC Form 8-K · Gap (GAP)

Gap Inc. raises fiscal 2024 outlook as third-quarter operating income rises to $355 million

Positive Impact 4 of 5 earnings Written later

Gap Inc. reported third-quarter fiscal 2024 net sales of $3.8 billion, up 2%, and operating income of $355 million, compared with $250 million a year earlier. The company raised its full-year fiscal 2024 outlook for net sales, gross margin and operating income growth.

Key points

  • Diluted earnings per share were $0.72, compared with $0.58 a year earlier; net income was $274 million.
  • Comparable sales rose 1%, and operating margin was 9.3%, up 270 basis points.
  • Full-year operating income growth outlook was raised to the mid to high 60% range, from the mid to high 50% range.
  • Full-year net sales growth outlook is now up 1.5% to 2.0% on a 52-week basis, from up slightly.

The filing

CompanyGap (GAP)
Form8-K, current report
Filed with the SECNov 21, 2024, 4:16 PM ET
Accession number0000039911-24-000200

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 21, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.