Gap — Nov 20, 2025 release

Beginning with a focus on the fundamentals, the brand is applying the reinvigoration playbook with rigor to reset for the long term, which will take time. Fiscal 2025 Outlook The below fiscal 2025 outlook includes the estimated effect of tariffs. Full Year Fiscal 2025   Current FY 2025 Outlook Prior FY 2025 Outlook FY 2024 Results Net sales 1.7% to 2.0% growth 1.0% to 2.0% growth $15.1 billion Operating margin Approximately 7.2% including an estimated 100-110 bps of net tariff impact 6.7% to 7.0% including an estimated 100-110 bps of net tariff impact 7.4% Net interest income Approximately $20 million Approximately $15 million $25 million Effective tax rate Approximately 28% Approximately 27% 26% Capital expenditures Approximately $500 to $550 million Approximately $500 to $550 million $447 million Net store closures 1 Approximately 35 Approximately 35 56 Webcast and Conference Call Information Whitney Notaro, Head of Investor Relations at Gap Inc., will host a conference call to review the company’s third quarter fiscal 2025 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O’Connell. A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com. A replay of the webcast will be available at the same location. Market Share Information References to market share in this press release and related conference call and accompanying materials are for the US