Gap Inc (GAP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 20, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.43

Last Year’s EPS

0.49

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 15 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 28, 2026|

% Change Since:

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

Management updated fiscal 2026 guidance calling for full‑year net sales growth of 1–2% and raised adjusted EPS to $2.30–$2.40 (about +8–12% YoY) with an adjusted operating margin target of 7.3–7.5% (vs 7.3% last year); Old Navy comps are now expected to be flat to +1% for the year (Q2 comps down low single digits; Q2 net sales flat to −1%), Gap comps are expected in the single digits, Athleta is in a slower rebuild with Q2 similar to Q1, and Banana Republic is expected to post comp growth. They expect full‑year gross margin to be flat to slightly up with merchandise margin expansion but ~50 bps ROD deleverage for the year (Q2 gross margin roughly flat to −50 bps vs prior‑year 41.2% with ~80 bps ROD deleverage), adjusted SG&A roughly flat as a percent of sales (including $150m of cost savings), interest income ≈$25m, an effective tax rate ≈25%, and a weighted‑average share count of ≈375m (down ~2%); assumptions include ~$80m (≈50 bps) of tariff relief (weighted to Q2–Q3) with about half reserved for fuel and promotional flexibility. They forecast ~ $650m of FY capex (Q1 capex $135m), continue dividends at $0.175/quarter (Q1 dividends $63m), have repurchased $400m (~16m shares) YTD with ~$600m remaining authorization, and emphasize continued free cash flow generation and a cash balance of $2.6bn.

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.

Gap Inc (DE:GAP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:GAP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 20, 2026	2026 (Q2)	0.43 / -	0.491	―	―	―
May 28, 2026	2026 (Q1)	0.32 / 0.33	0.439	-25.49% (-0.11)
Mar 05, 2026	2025 (Q4)	0.39 / 0.39	0.465	-16.67% (-0.08)
Nov 20, 2025	2025 (Q3)	0.51 / 0.53	0.62	-13.89% (-0.09)
Aug 28, 2025	2025 (Q2)	0.47 / 0.49	0.465	5.56% (+0.03)
May 29, 2025	2025 (Q1)	0.39 / 0.44	0.353	24.39% (+0.09)
Mar 06, 2025	2024 (Q4)	0.32 / 0.47	0.422	10.20% (+0.04)
Nov 21, 2024	2024 (Q3)	0.50 / 0.62	0.508	22.03% (+0.11)
Aug 29, 2024	2024 (Q2)	0.35 / 0.47	0.293	58.82% (+0.17)
May 30, 2024	2024 (Q1)	0.12 / 0.35	0.009	4000.00% (+0.34)

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

DE:GAP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2026	€20.48	€18.25	-10.86%
Mar 05, 2026	€23.08	€21.39	-7.32%
Nov 20, 2025	€20.39	€22.01	+7.96%
Aug 28, 2025	€18.60	€17.93	-3.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.