.jpg)
US’ Gap Inc forecasts 1-2% sales growth, 8-10% income rise for FY25
Gap Inc is expecting net sales growth of 1 to 2 per cent in fiscal 2025, with operating income projected to rise 8 to 10 per cent. Fiscal 2024 net sales reached $15.1 billion, up 1 per cent, with a gross margin of 41.3 per cent. Q4 sales declined 3 per cent to $4.1 billion due to weekly calendar shifts. Online sales grew 4 per cent, while comparable sales increased 3 per cent.
Gap Inc is expecting net sales growth of 1 to 2 per cent in fiscal 2025, with operating income projected to rise 8 to 10 per cent.
Fiscal 2024 net sales reached $15.1 billion, up 1 per cent, with a gross margin of 41.3 per cent.
Q4 sales declined 3 per cent to $4.1 billion due to weekly calendar shifts.
Online sales grew 4 per cent, while comparable sales increased 3 per cent.
