Yeezy Gap

Gap Inc. Reports Fourth Quarter and Fiscal 2022 Results

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Thursday, March 9, 2023

(NYSE: GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its fourth quarter and fiscal year ended January 28, 2023.

Key Points: 
  • (NYSE: GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its fourth quarter and fiscal year ended January 28, 2023.
  • Fourth quarter comparable sales were down 3% driven by softness in outerwear and sweaters as well as its holiday gifting assortment.
  • These actions are on top of the $250 million in annualized savings the company announced in the third quarter of fiscal 2022.
  • Cammeron McLaughlin, Head of Investor Relations at Gap Inc., will host a conference call to review the company’s fourth quarter and fiscal year 2022 results beginning at approximately 2:00 p.m. Pacific Time today.