GAP (GAP) save Q4 2024
On November 28, 2024, a shopper, Thanksgiving on November 28, 2024, Thanks to the Shopping Center in Los Angeles carries early Black Friday purchases on the ship.
Robyn Beck | AFP | Getty pictures
Gap On Thursday, the other quarter reported the conversion of the CEO, Richard Dickson’s turnover works better – and the faster – Wall Street works faster.
The shares jumped 17% in the trade brought to the agenda on Thursday.
Old Navy, Banana Republic, Athletics and his names hit the expectations in the top and bottom lines during the banner, and 3% increased by 3% increased by 3% to 3% increase by 3% to 3% increased by 3%.
Based on the survey of analysts by LSEG, which Wall Street’s Fiscal quarter is in the fourth quarter compared to the expectation of Street.
- Earnings on a share: 54 kopecks and 37 kopecks are expected
- Income: $ 4.15 billion and $ 4.07 billion is expected
The company’s net income for the three-month period of February 1, a year ago, a year ago, $ 206 million or 54 cents per share compared to $ 185 million or 49 cents.
Sales fell about 3%, $ 4.30 billion per year. Like other retailers, the space has benefited from the additional sales week before the comparisons are negative.
According to GAP, GAP, LSEG, according to LSEC, waiting for sales between 1% and 2%, 1.7%, 1.7%. His leadership for the current quarter was slightly weaker than expected. According to LSEG, we expect to be “straight one up” compared to 1.5% of Wall Street.
“We operate in a highly dynamic background for the past few years and expect the same for finance 2025,” he said. “As a result, we received a balanced view with our leadership and focused on managing the managed.”
As other retailers caught in the middle of the President Donald Trump trade war With China, Canada and Mexico, it is trying to understand that new tasks will be the company with GAP. In an interview with CNBC, Dickson is less than 1% of the product than Canada and Mexico less than 10%.
When asked the company to raise prices, Dickson “The goal is to minimize the impact of the consumer,” he said.
“We will work with our suppliers. We are looking at our expenses base, and we must always balance the structural economy of business,” Dickson said.
O’Connell added tariffs because they have entered the company’s leadership for stopping on Thursday, and Margin is expected to be “relatively minimal”.
Dickson is about a year and a half as the CEO of GAP. Under his leadership, the company made the growth and brand image and increased the highest rough margin in finance and more than 41.3% in finance 2024.
The former Mattel executive, which lived with the reviving Barbie empire, brought this to revive the same prosperity brands. After the fourth straight quarter of the strong results, the power of the strategy seems to remain.
Gap’s creative designer Zacen’s dresses were worn by celebrities recently like Timothee Chalamet and even returned to growth of the Banana Republic Banana Republic. His Athletic brand fights the athlete, but the company stabilized bleeding and does not shrink.
Here are more closer to how each brand is taken during the quarter.
Old fleet
The largest brand of income was $ 2.2 billion, 3%, 3%, 3%, 3%, 3%, according to Streetaccount, the expectations were laid on top of expectations. The brand saw power in denim and active clothes.
Gap
According to TrosecCcount, the comparable sales of the banner, called 7%, increased by 0.8%.
“Gap returns to cultural conversation,” he said. “This brand is based on strong product narratives with bright marketing, which is expressed through great ideas, and each of the year has become king each.”
The brand has long left the left gap for Dickie in October in October, Chris Causoleum, which has long left the left space for Dickie in October, but after leaving the company. Dickson told CNBC in an interview with the “great leadership” of the brand and “Employee with extraordinary talent.”
Banana Republic
Safari stylish, office dress brands, analysts, according to the stringcount, reduce 1.5%, 4% of comparable sales, 1.5%. He continued to build strength in men’s clothing, but still without a CEO. Dickson is waiting for an update in the role of the company “shortly.”
In the upcoming year, the most will close 35 stores based on an empty net, most banana stores will be banana stores.
Athlete
Comparable sales of the Quariza brand fell by 2% per cent in the quarterfinity, because after its main consumer, Dickson explained. Analysts had no expectations for Athletese comparable sales.
“Of course, we have another cultural conversation and strengthen that we believe in this brand. We have long-term opportunities, but we have a work to rebuild the brand,” Dickson said. “In the fourth quarter, it was very specific, we needed to do more to excite our main consumer during the strike, we have done a good job involving new consumers.
Dickson warned that the brand was caused by “copies” in a quarter because the recipe for the performance.
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