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Gap Inc. reported strong Q4 earnings, with revenue up and plans for continued growth in 2025.
Gap Inc., owner of brands like Gap, Old Navy, Banana Republic, and Athleta, reported better-than-expected Q4 2024 earnings and revenue, with EPS at $0.54 and revenue of $4.15 billion.
The company's comparable sales rose 3%, and it plans a 1-2% sales growth for fiscal 2025, with an 8-10% increase in operating income.
Gap CEO Richard Dickson noted growth across all income groups, particularly at Old Navy.
The company aims to diversify its supply chain to mitigate potential tariff impacts.
Shares surged by 19% in extended trading.
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Gap Inc. informó de fuertes ganancias Q4, con ingresos altos y planes para un crecimiento continuo en 2025.