Gap (GAP) earnings Q1 2025

Gap is expecting the New tariffs will halms business by hundreds business by punndres of the Mills of Dollars, IF THOLY Remain in Effectthe counters said Thailand whonouncing the fiscal first-quarter earnnings.

In A News Rehease, Gap said new 30% duties The Imports From China China and a 10% levy on imports from the Council of Between $ 250 million but impact out of the Ididance.

The Company said the Planning to Mitigate to MitigateY coster by Diversify ITS Supply off the Imposure to China to get the Baln of the Year.

“BAED ON WHAT’s Know Today, We do not expect suspicious: CEO Richard Dickson Told CNBC in CNBC. “I’ve talked about this tften: we truly belong strong with the big Player. IT’s Big Market. It’s a big brands and Gain Share.”

Beyond tariffs, gap isued fiscal first-quarters results that beat expectations on the top and bottom lines.

Here’s the Apparel Company Company conducted to compared with witha Wall Street Was Anticipating, based on a survey of analysts by LSeg:

• Earnings Per share: Vs. 45 cents expected
• Revenue: $ 3.46 billion vs. $ 3.42 billion expected

The Company’s Reported Net Incentome for the Three-Month Percio ended 311 cents per share, A year Earlier.

Sales rose to $ 3.46 billion, upbout 2% from $ 3.39 billion A year Earlier.

Gap’s Guidance Was Largely in LINE with Consensus, But in some cases, it came in weaker utmost even more expected. IT’s expecting a full-year sales to the grow of 1% and 2%, compared with expectations of UP 1.3% according to the LSeg.

For the currencing, it expects Sales to be flat, companed with expectations of 0.2% growth, according to lseeg. IT’s expecting ITS Gross Margin to be 41.8%, weaker than the 44.5% Weaker Streetacount Had Expected.

IN March, Before President Donald Trump Issued New Tariffs On Most Parts of The World, The Company Was Expecting A minimal capecting from the duties. But three Mandhs Later, it’s in a different position.

In March, Gap said it is to Less than 10% of ITS products from China, but itwhniff cited by the end of the year.

Its Two Largest trading Partnersreners are Indonesia, where Gap score in the Fiscant annual filing. Vietnam is facing a potential 46% reciprocal tariff and, iu that utyle remains in effect, it couldoe a significant impact on Gap’s Income.

Trump’s trade War is throwing a wrench Into Dickson’s plans to turnailer Retailer – EPNATORS Retailer – EPNOTALS TO BE WARN UNDERNATE AND CONTINUING TO Bear Fruit.

During The Quawn, Comparable sales Grew 2%, Essentially in LINE with Expectations of 1.8%, according to StreetacCount. Gross Margin, and Operating Margin Also CAME INSO CAME IN CAME THERE THERE

Here’s the a closer look at brand brand’s performance.

• Old Navy: Gap’s Lart Important Brand Notted Sally of $ 2 Billion, Up 3% Comparked Up 3%, Aheading to StrectSAutcount.

• Gap: The COMPANE’s nephesake chain sales of $ 724 million, Up 5% comparable to last year, with comparable sales of 3.4%. Dickson has focused muach of the GAP. And it’s Been A Standout for over Couple of Last Counters of Quaches.

• Banana Republic: The Safari Chit Brand is still Seeing troubles with sales down 3 428 million, and comparared flat, comparared flat, growing. The Company said it remains focused on improving the brand.

• Athleta: The Aldleeisure Brand Humms Also A drag on Gap’s Overall Performance to Down BLOW 6% to $ 308 million and enteres down 8%. The Figures wer not comparable to consensus estimates. The company warned improvements at At Athleta “will take time time.”