Gap

March 9, 2023 — Gap Inc. (NYSE: GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported financial results for its fourth quarter and fiscal year ended January 28, 2023. Gap Inc. (NYSE: GPS) reported a fiscal Q4 net loss  of $0.75 per diluted share,  Analysts polled by Capital IQ forecast a per-share loss of $0.48. Net sales for the quarter ended Jan. 28 were $4.24 billion,  Analysts surveyed by Capital IQ projected $4.37 billion. The retailer’s comparable sales were down 5% in fiscal Q4. Analysts polled by Capital IQ called for a decrease of 2.9%. Gap said it estimates fiscal Q1 sales to decrease in the mid-single digit range compared to last year’s sales of $3.5 billion. Analysts polled by Capital IQ are looking for $3.51 billion. The company also expects fiscal 2023 sales to