Gap Inc. Reports Q4 FY21 Results

04 March 2022, Mumbai:

Fourth-quarter 2021 net sales of $4.5 billion increased 2% year-over-year and were down 3% compared to 2019;

Comparable sales were up 3% year-over-year and increased 3% versus 2019 the Fiscal year 2021 net sales of $16.7 billion increased 21% year-over-year and were up 2% compared to the fiscal year 2019;

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Comparable sales were up 6% year-over-year and increased 8% versus 2019 the Fiscal year 2021 reported diluted earnings per share was $0.67 with adjusted diluted earnings per share of $1.44 Returned over $400 million to shareholders in fiscal 2021 through dividend program and share repurchase plan Fiscal year 2022 reported diluted earnings per share is expected to be in the range of $1.95 to $2.15 with adjusted diluted earnings per share in the range of $1.85 to $2.05

Gap Inc. (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. reported its financial results for the fourth quarter and fiscal year ended January 29, 2022.

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*CREDITS: gapinc.com.