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
Fiscal year 2026 dividend
“$0.175 per share”
Period
Q1 FY2026
Measure
Declared action
Source
Prose
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
• Fiscal year 2025 capital expenditures were $470 million. • Paid a fourth quarter dividend of $0.165 per share totaling $62 million. ◦ The Company's Board of Directors approved a first quarter fiscal year 2026 dividend of $0.175 per share, representing an approximate 6% increase compared to the fourth quarter fiscal year 2025 dividend per share. • Repurchased 7 million shares for $155 million during fiscal year 2025, ending the year with 372 million shares outstanding. ◦ Underscoring Gap Inc.’s continued commitment to returning cash to shareholders, today the company announced that its Board of Directors approved a new $1 billion share repurchase authorization for the company's common stock, superseding the company's existing authorization dated February 26, 2019. • Returned $402 million of cash to shareholders in the form of dividends and share repurchases during fiscal year 2025. Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Fourth Quarter and Full Year Fiscal 2025 - Global Brand Results Comparable Sales Fourth Quarter Fiscal Year 2025 2024 2025 2024 Old Navy 3 % 3 % 3 % 3 % Gap 7 % 7 % 6 % 4 % Banana Republic 4 % 4 % 3 % 1 % Athleta (10) % (2) % (9) % — % Gap Inc. 3 % 3 % 3 % 3 % Old
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.