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1、GapInc.ReportsThirdQuarterFiscal2025Results,RaisesFullYearOutlookforOperatingMarginNetsalesup3%versuslastyear,exceededoutlookComparablesalesup5%,positivefor7thconsecutivequarterGrossmarginof42.4%,exceededoutlookFiscal2025netsalesgrowthoutlookincreasestohighendofpriorguidancerangeSANFRANCISCONovember

2、20,2025GapInc.(NYSE:GAP),thelargestspecialtyapparelcompanyintheU.S.withapurpose-drivenhouseoficonicbrandsincludingOldNavy,Gap,BananaRepublic,andAthleta,todayreportedfinancialresultsforitsthirdquarterendedNovember1,2025.“WeareproudtoreportthatGapInc.sthirdquarterresultsexceededournetsalesandmarginexp

3、ectationsanddeliveredtheseventhconsecutivequarterofpositivecomparablesales,”saidPresidentandChiefExecutiveOfficer,RichardDickson.“Ourstrategyisworkingandourbrandsaregainingmomentumwithourthreelargestbrands-OldNavy,Gap,andBananaRepublic-eachpostingstrongcomparablesales.Thestrengthofourthirdquarterand

4、quarter-to-dateperformancepositionsuswellfortheholidaysellingseasonandgivesustheconfidencetoincreaseourfullyearnetsalesoutlooktothehighendofourpriorguidancerangeandraiseourfullyearoperatingmarginoutlook.Wearefocusedonexecutingwithexcellenceandfinishingtheyearstrong.”ThirdQuarterFiscal2025FinancialRe

5、sultsNetsalesof$3.9billionwereup3%comparedtolastyear.Comparablesaleswereup5%year-over-year.Storesalesincreased3%comparedtolastyear.Thecompanyendedthequarterwithnearly3,500storelocationsinabout35countries,ofwhich2,497werecompanyoperated.Onlinesalesincreased2%comparedtolastyearandrepresented40%oftotal

6、netsales.Grossmarginof42.4%decreased30basispointsversuslastyear.Merchandisemargindecreased70basispointsversuslastyearinclusiveofanestimatednettariffimpactofapproximately190basispoints.Theunderlyingmerchandisemarginexpansionwasprimarilyduetogrowthinaverageunitretail.Rent,occupancy,anddepreciation(ROD