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US brand Gap’s sales up 2% to $3.5 billion in Q1 FY25
American retailer Gap Inc. has reported net sales of $3.5 billion in the first quarter of fiscal 2025, up 2 per cent year-over-year, with 2 per cent growth in comparable sales and a 6 per cent rise in online sales, which made up 39 per cent of total sales. Net income reached $193 million, with EPS at $0.51. Gross margin rose to 41.8 per cent.
American retailer Gap Inc. has reported net sales of $3.5 billion in the first quarter of fiscal 2025, up 2 per cent year-over-year, with 2 per cent growth in comparable sales and a 6 per cent rise in online sales, which made up 39 per cent of total sales.
Net income reached $193 million, with EPS at $0.51.
Gross margin rose to 41.8 per cent.
