Gap Inc. Q4 operating income rises to $259 million; sales fall 3% on fewer weeks
Gap Inc. reported fourth-quarter fiscal 2024 net income of $206 million, or $0.54 per diluted share, up from $185 million, or $0.49, a year earlier, while net sales fell 3% to $4.1 billion, partly because the quarter had 13 weeks versus 14 a year earlier. For the full year, net sales rose 1% to $15.1 billion and net income reached $844 million, or $2.20 per diluted share, compared with $502 million, or $1.34. The company guided fiscal 2025 net sales growth of 1% to 2% and operating income growth of 8% to 10%.
Key points
- Fourth-quarter comparable sales rose 3%; net sales of $4.1 billion were down 3%, with about 7 percentage points of negative impact from the calendar shift.
- Fourth-quarter operating income was $259 million, an operating margin of 6.2%, versus $214 million a year earlier.
- Full-year operating income was $1.1 billion versus $560 million; free cash flow was $1.0 billion.
- Fiscal 2025 outlook: net sales growth of 1% to 2% and operating income growth of 8% to 10%; first-quarter net sales expected flat to up slightly.
The filing
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 March 06, 2025.
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.