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Companies / Apparel, footwear & accessories / GAP

Gap

GAP · Apparel, footwear & accessories sector group
Guidance from Gap’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
25 items
Releases tracked
8
Latest release
Aug 27, 2026
Data checked
Aug 27, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Aug 27, 2026 release

Each item compared with the same item in the previous release (May 28, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
NewNet salesfor Q3 FY2026—“Up 1.5% to 2.5% year-over-year”Filing ↗
NewNet sales outlookfor FY2026—“up 1% to 1.5%”Filing ↗
NewGap brand comparable salesfor FY2026—“high-single to low double-digit range”Filing ↗
NewOld Navy comparable salesfor FY2026—“flat to down 1%”Filing ↗
RaisedAdjusted diluted earnings per sharefor FY2026“Approximately $2.30 to $2.40”“Approximately $2.35 to $2.45”Filing ↗
NewAdjusted gross marginfor FY2026—“Up slightly year-over-year”Filing ↗
RaisedAdjusted operating marginfor FY2026“About 7.3% to 7.5%”“About 7.4% to 7.6%”Filing ↗
NewBenefit to full-year gross margin and operating marginfor FY2026—“approximately 10 basis points”Filing ↗
NewDiluted earnings per sharefor FY2026—“approximately $3.77 to $3.87”Filing ↗
NewGross marginfor Q3 FY2026—“Up about 25 to 75 basis points”Filing ↗
NewNet tariff relief to full-year gross profit and operating incomefor FY2026—“approximately $15 million”Filing ↗
NewAdjusted effective tax ratefor FY2026—“Approximately 25% to 26%”Filing ↗
NewAdjusted interest, netfor FY2026—“Approximately $20 million”Filing ↗
LoweredDiluted weighted average share countfor FY2026“Approximately 375 million”“Approximately 367 million”Filing ↗
ReiteratedAdjusted operating expense (% of net sales)for FY2026“About flat year-over-year”“About flat year-over-year”Filing ↗
ReiteratedCapital expendituresfor FY2026“Approximately $650 million”“Approximately $650 million”Filing ↗
ReiteratedNet store closuresfor FY2026“About flat”“About flat”Filing ↗
Show 3 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedDiluted earnings per share (reported basis)for FY2026“approximately $2.83 to $2.93”—Filing ↗
Not restatedGross marginfor FY2026“Flat to up slightly year-over-year”—Filing ↗
Not restatedOperating expense (reported basis)for FY2026“leverage”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Adjusted operating expense (% of net sales)“About flat year-over-year”for FY2026Company-definedMar 5, 20263Filing ↗
Net sales“Up 1.5% to 2.5% year-over-year”for Q3 FY2026GAAP-tiedAug 27, 20261Filing ↗
Net sales“Up 1% to 2% year-over-year”for FY2026GAAP-tiedMar 5, 20262Filing ↗
Net sales outlook“up 1% to 1.5%”for FY2026GAAP-tiedAug 27, 20261Filing ↗
Gap brand comparable sales“high-single to low double-digit range”for FY2026Company-definedAug 27, 20261Filing ↗
Old Navy comparable sales“flat to down 1%”for FY2026Company-definedAug 27, 20261Filing ↗
Adjusted diluted earnings per share“Approximately $2.35 to $2.45”for FY2026Company-definedMar 5, 20263Filing ↗
Adjusted gross margin“Up slightly year-over-year”for FY2026Company-definedAug 27, 20261Filing ↗
Adjusted operating margin“About 7.4% to 7.6%”for FY2026Company-definedMar 5, 20263Filing ↗
Benefit to full-year gross margin and operating margin“approximately 10 basis points”for FY2026GAAP-tiedAug 27, 20261Filing ↗
Benefit to gross margin and operating margin from tariff relief“approximately 50 basis points”for FY2026GAAP-tiedMay 28, 20261Filing ↗
Diluted earnings per share“approximately $3.77 to $3.87”for FY2026GAAP-tiedAug 27, 20261Filing ↗
Diluted earnings per share (reported basis)“approximately $2.83 to $2.93”for FY2026GAAP-tiedMay 28, 20261Filing ↗
Gross margin“Up about 25 to 75 basis points”for Q3 FY2026GAAP-tiedAug 27, 20261Filing ↗
Gross margin“Flat to up slightly year-over-year”for FY2026GAAP-tiedMar 5, 20262Filing ↗
Net tariff relief to full-year gross profit and operating income“approximately $15 million”for FY2026GAAP-tiedAug 27, 20261Filing ↗
Net tariff relief to gross profit and operating income“approximately $80 million”for FY2026GAAP-tiedMay 28, 20261Filing ↗
Adjusted effective tax rate“Approximately 25% to 26%”for FY2026Company-definedAug 27, 20261Filing ↗
Adjusted interest, net“Approximately $20 million”for FY2026Company-definedAug 27, 20261Filing ↗
Capital expenditures“Approximately $650 million”for FY2026Company-definedMar 5, 20263Filing ↗
Diluted weighted average share count“Approximately 367 million”for FY2026GAAP-tiedMay 28, 20262Filing ↗
Effective tax rate“Approximately 25%”for FY2026GAAP-tiedMar 5, 20262Filing ↗
Fiscal 2026 dividend“$0.175 per share”for Q3 FY2026Declared actionAug 27, 20261Filing ↗
Net interest income“Approximately $25 million”for FY2026Company-definedMar 5, 20262Filing ↗
Net store closures“About flat”for FY2026Company-definedMar 5, 20263Filing ↗
Operating expense (reported basis)“leverage”for FY2026GAAP-tiedMay 28, 20261Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Share repurchase authorization“$1 billion”—Declared actionMar 5, 20261Filing ↗

How one item moved

Adjusted diluted earnings per share, for FY2026 — every statement across the year, each linked to its filing.

Mar 5, 2026
New
“Approximately $2.20 to $2.35”
Filing ↗
May 28, 2026
Raised
“Approximately $2.30 to $2.40”
Filing ↗
Aug 27, 2026
Raised
“Approximately $2.35 to $2.45”
Filing ↗

How your Apparel, footwear & accessories sector group guides

12 companies in Apparel, footwear & accessories. What they guide on, and who reported this season.

Most-guided metric families
Revenue
10
Tax rate
10
Buybacks
10
GAAP EPS
9
Operating margin
7
Capex
7
Dividends
6
Gross margin
5
This season’s releases
Levi StraussOct 7, 20267 changes
American Eagle OutfittersSep 9, 20267 changes
Lululemon AthleticaSep 3, 20265 changes
PVHSep 2, 202616 changes
GapAug 27, 202614 changes
Abercrombie & FitchAug 26, 202615 changes
TapestryAug 13, 202619 changes
Ralph LaurenAug 6, 202614 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2026FY2025FY2024No period
Adjusted operating expense (% of net sales)4 statements———
Net sales6 statements5 statements1 statement—
Operating expense (% of net sales)1 statement3 statements1 statement—
Gap brand comparable sales1 statement———
Old Navy comparable sales1 statement———
The full record for Gap and its Apparel, footwear & accessories peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Aug 27, 2026FY2027 Q20001628280-26-05926218Open filing ↗
May 28, 2026FY2027 Q10001628280-26-03882519Open filing ↗
Mar 5, 2026FY2026 Q40001628280-26-01520818Open filing ↗
Nov 20, 2025FY2026 Q30001628280-25-0533927Open filing ↗
Aug 28, 2025FY2026 Q20000039911-25-00011010Open filing ↗
May 29, 2025FY2026 Q10000039911-25-00007513Open filing ↗
Mar 6, 2025FY2025 Q40000039911-25-0000049Open filing ↗
Nov 21, 2024FY2025 Q30000039911-24-0002007Open filing ↗
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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