Gap Inc. (GAP) announced a profit for its first quarter that Increases, from last year
The company's earnings totaled $339 million, or $0.90 per share. This compares with $193 million, or $0.51 per share, last year.
Excluding items, Gap Inc. reported adjusted earnings of $145 million or $0.38 per share for the period.
The company's revenue for the period rose 0.9% to $3.49 billion from $3.46 billion last year.
Gap Inc. earnings at a glance (GAAP) :
-Earnings: $339 Mln. vs. $193 Mln. last year.-EPS: $0.90 vs. $0.51 last year.-Revenue: $3.49 Bln vs. $3.46 Bln last year.
-Guidance:Full year EPS guidance: $ 2.30 To $ 2.40Full year revenue guidance: 1 % To 2 %
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.