Earnings Data
Report Date
Aug 20, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlighted meaningful progress across the portfolio — notably a strong rebound at Gap, category wins at Old Navy (denim/active/kids), solid capital returns, and upgraded EPS guidance — while also acknowledging clear near-term headwinds: Old Navy’s seasonal assortment miss and subsequent revenue moderation, a deeper-than-expected decline at Athleta, tariff-related margin dynamics, and short-term deleverage in SG&A and ROD. Management emphasized actions underway to address assortment and inventory issues, continued investments (beauty, loyalty, tech), and a balanced capital allocation approach. Overall the positives (brand momentum, cash position, strategic initiatives, and EPS outlook) are tempered by tangible operational challenges that management is actively addressing.Company Guidance
Company-level Comparable Sales Momentum
Comparable sales increased 2% in Q1, marking the 9th consecutive quarter of positive comps and building on prior-year momentum (2% comp growth in prior year).
Strong Gap Brand Performance
Gap delivered standout results with net sales of $796M, comps up 10% (vs +5% last year), 10th consecutive quarter of positive comps, reduced discounting for the 3rd consecutive quarter, and major cultural engagement (nearly 1.5 billion press/social impressions for a music video and ~300M impressions from a Coachella activation).
Old Navy: Category Wins and Initiatives
Old Navy net sales of $2.0B, comps up 1% YoY; continued strength and market share in denim, active, and kids & baby. Launched notable collaborations (Christopher John Rogers, Devil Wears Prada), expanding beauty pilot to full store fleet, and announced Fanatics sports licensing partnership and a new Chief Customer Officer to sharpen brand strategy.
Banana Republic Steady Recovery and Leadership Addition
Banana Republic net sales $431M, comps +2% (4th consecutive quarter of positive comps), with balanced growth in men's and women's categories; appointed Donald Kohler as new president & CEO to accelerate the turnaround.
Capital Returns and Balance Sheet Strength
Returned over $450M to shareholders YTD via $400M repurchases and a dividend program (Q1 dividend $63M, 6% increase to $0.175/qtr); ended Q1 with $2.6B cash & short-term investments (+15% YoY) and ~$600M remaining repurchase authorization.
Margin Execution and EPS Outlook Upgrade
Gross margin of 40.5% came in ahead of guidance despite a 130 bps YoY decline; management raised full-year adjusted EPS outlook to $2.30–$2.40 (implying 8%–12% growth) while maintaining adjusted operating margin guidance of 7.3%–7.5%.
Strategic Investments and Platform Initiatives
Investing in growth accelerators: rolling out beauty and accessories (beauty pilot of 150 stores), relaunching loyalty (Encore) for ~40M customers, launching Fashiontainment and partnerships (Fanatics, Google’s Gemini), and deploying AI/tech to improve product intelligence and supply chain.
CH:GAP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does Gap, Inc. (CH:GAP) report earnings?
Gap, Inc. (CH:GAP) is schdueled to report earning on Aug 20, 2026, After Close (Confirmed).
What is Gap, Inc. (CH:GAP) earnings time?
Gap, Inc. (CH:GAP) earnings time is at Aug 20, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Gap, Inc. stock?
The P/E ratio of Gap Inc is N/A.
What is CH:GAP EPS forecast?
CH:GAP EPS forecast for the fiscal quarter 2026 (Q2) is 0.39.
