HighGravityDataGap — Mar 5, 2026 release
Fiscal 2026 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-015208
Showing in the filing
Adjusted operating expense (% of net sales)
“About 35%”
Period
Q1 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 18
Share repurchase authorization
“$1 billion”
Dividend per share for Q1 FY2026
“$0.175”
Fiscal year 2026 dividend for Q1 FY2026
“$0.175 per share”
Net gain from legal settlement for Q1 FY2026
“$313 million”
Charitable donation for Q1 FY2026
“$50 million”
Reported operating expense for Q1 FY2026
“leverage”
Net sales for FY2026
“Up 2% to 3% year-over-year”
Gross margin for FY2026
“Flat to up slightly year-over-year”
Adjusted operating expense (% of net sales) for FY2026
“About flat year-over-year”
Adjusted operating margin for FY2026
“About 7.3% to 7.5%”
Net interest income for FY2026
“Approximately $10 million to $15 million”
Effective tax rate for FY2026
“Approximately 27%”
Adjusted diluted earnings per share for FY2026
“Approximately $2.20 to $2.35”
Capital expenditures for FY2026
“Approximately $650 million”
Net store closures for FY2026
“About flat”
Net sales for Q1 FY2026
“Up 1% to 2% year-over-year”
Gross margin for Q1 FY2026
“Down approximately 150bps to 200bps including an estimated 200 bps of net tariff impact”
Adjusted operating expense (% of net sales) for Q1 FY2026
“About 35%”
Exhibit 99.1 · the passage around this item
… earlier in the release
First Quarter Fiscal 2026 First Quarter Fiscal 2026 Outlook First Quarter Fiscal 2025 Results 1 Net sales Up 1% to 2% year-over-year $3.5 billion Gross margin Down approximately 150bps to 200bps including an estimated 200 bps of net tariff impact 41.8% Adjusted operating expense (% of net sales) About 35% 34.3% Webcast and Conference Call Information Whitney Notaro, Head of Investor Relations at Gap Inc., will host a conference call to review the company's fourth quarter and fiscal year 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 market, according to Circana data for the 12 month period ending January 2026, unless stated otherwise. Market share data is subject to limitations on the availability of up-to-date information. In particular, market share data may not be available for all retail channels in a category. The company believes that the Circana data is reliable, but it has not verified the accuracy or completeness of the data or any assumptions underlying the data. In addition, market share information re
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.