Gap Inc. reported strong financial results for the third quarter of fiscal 2025, exceeding net sales and margin expectations.
The company's net sales were up 3% compared to the previous year, with gross margin exceeding expectations at 42.4%.
Gap Inc. raised its full-year net sales outlook to the high end of the prior guidance range.
Net Sales Growth
Net sales increased by 3% compared to the previous year, reaching $3.9 billion in the third quarter of fiscal 2025.
Comparable Sales
Comparable sales were up 5% year-over-year, marking the seventh consecutive quarter of positive comparable sales for Gap Inc.
Brand Performance
Old Navy, Gap, and Banana Republic each posted strong comparable sales, with Gap achieving positive comparable sales for the 8th consecutive quarter.
- The company's strategy is working, with the three largest brands showing momentum in sales performance.
- The positive third-quarter results position Gap Inc. well for the upcoming holiday season and reflect confidence in the full-year financial performance.
Gap Inc.'s consistent growth in net sales and positive comparable sales demonstrate the effectiveness of its strategic initiatives and brand performance.