Gap revenue was $16.38 b in FY, 2019 which is a 1.2% year over year decrease from the previous period.
Gap revenue breakdown by business segment: 15.5% from Banana Republic Global, 48.7% from Old Navy Global, 28.3% from Gap Global and 7.5% from Other
Gap revenue breakdown by geographic segment: 6.6% from Asia , 7.0% from Canada , 81.8% from United States and 4.6% from Other
USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|
Revenue | 15.5b | 15.9b | 16.6b | 16.4b |
Revenue growth, % | (2%) | 2% | 5% | (1%) |
Cost of goods sold | 9.9b | 9.8b | 10.3b | 10.3b |
Gross profit | 5.6b | 6.1b | 6.3b | 6.1b |
Gross profit Margin, % | 36% | 38% | 38% | 37% |
Operating expense total | 4.4b | 4.6b | 5.0b | 5.6b |
EBIT | 1.2b | 1.5b | 1.4b | 574.0m |
EBIT margin, % | 8% | 9% | 8% | 4% |
Interest expense | 75.0m | 74.0m | 73.0m | 76.0m |
Interest income | 8.0m | 19.0m | 33.0m | 30.0m |
Pre tax profit | 1.1b | 1.4b | 1.3b | 528.0m |
Income tax expense | 448.0m | 576.0m | 319.0m | 177.0m |
Net Income | 676.0m | 848.0m | 1.0b | 351.0m |
EPS | 1.7 | 2.2 | 2.6 | 0.9 |
USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 3.4b | 3.9b | 3.8b | 3.4b | 3.8b | 3.8b | 3.8b | 4.1b | 4.1b | 3.7b | 4.0b | 4.0b |
Cost of goods sold | 2.2b | 2.4b | 2.3b | 2.1b | 2.3b | 2.3b | 2.4b | 2.5b | 2.5b | 2.4b | 2.4b | 2.4b |
Gross profit | 1.2b | 1.4b | 1.5b | 1.3b | 1.5b | 1.5b | 1.4b | 1.6b | 1.6b | 1.3b | 1.6b | 1.6b |
Gross profit Margin, % | 35% | 37% | 39% | 38% | 39% | 40% | 38% | 40% | 40% | 36% | 39% | 39% |
Operating expense total | 987.0m | 1.2b | 1.1b | 1.0b | 1.0b | 1.1b | 1.2b | 1.2b | 1.3b | 1.0b | 1.3b | 1.3b |
EBIT | 222.0m | 279.0m | 389.0m | 254.0m | 451.0m | 378.0m | 229.0m | 398.0m | 363.0m | 316.0m | 282.0m | 221.0m |
EBIT margin, % | 6% | 7% | 10% | 7% | 12% | 10% | 6% | 10% | 9% | 9% | 7% | 6% |
Interest expense | 19.0m | 18.0m | 20.0m | 19.0m | 16.0m | 18.0m | 16.0m | 17.0m | 21.0m | 20.0m | 19.0m | 19.0m |
Interest income | 1.0m | 2.0m | 3.0m | 3.0m | 4.0m | 4.0m | 6.0m | 7.0m | 8.0m | 6.0m | 8.0m | 7.0m |
Pre tax profit | 204.0m | 263.0m | 372.0m | 238.0m | 439.0m | 364.0m | 219.0m | 388.0m | 350.0m | 302.0m | 271.0m | 209.0m |
Income tax expense | 77.0m | 138.0m | 168.0m | 95.0m | 168.0m | 135.0m | 55.0m | 91.0m | 84.0m | 75.0m | 103.0m | 69.0m |
Net Income | 127.0m | 125.0m | 204.0m | 143.0m | 271.0m | 229.0m | 164.0m | 297.0m | 266.0m | 227.0m | 168.0m | 140.0m |
EPS | 0.3 | 0.3 | 0.5 | 0.4 | 0.7 | 0.6 | 0.4 | 0.8 | 0.7 | 0.6 | 0.4 | 0.4 |
USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|
Cash | 1.8b | 1.8b | 1.1b | 1.4b |
Inventories | 1.8b | 2.0b | 2.1b | 2.2b |
Current Assets | 4.3b | 4.6b | 4.3b | 4.5b |
PP&E | 2.6b | 2.8b | 2.9b | 3.1b |
Total Assets | 7.6b | 8.0b | 8.0b | 13.7b |
Accounts Payable | 1.2b | 1.2b | 1.1b | 1.2b |
Short-term debt | 65.0m | 920.0m | ||
Current Liabilities | 2.5b | 2.5b | 2.2b | 3.2b |
Long-term debt | 1.2b | 1.2b | 1.2b | 6.8b |
Non-Current Liabilities | 2.3b | 2.4b | 2.3b | 7.2b |
Total Debt | 1.3b | 1.2b | 1.2b | 7.7b |
Total Liabilities | 4.7b | 4.8b | 4.5b | 10.4b |
Common Stock | 20.0m | 19.0m | 19.0m | 19.0m |
Additional Paid-in Capital | 81.0m | 8.0m | ||
Retained Earnings | 2.7b | 3.1b | 3.5b | 3.3b |
Total Equity | 2.9b | 3.1b | 3.6b | 3.3b |
Debt to Equity Ratio | 0.5 x | 0.4 x | 0.4 x | 2.3 x |
Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.6 x |
Financial Leverage | 2.6 x | 2.5 x | 2.3 x | 4.1 x |
USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|
Net Income | 676.0m | 848.0m | 1.0b |
Depreciation and Amortization | 593.0m | 559.0m | 578.0m |
Inventories | 46.0m | (142.0m) | (154.0m) |
Accounts Payable | 146.0m | (90.0m) | (78.0m) |
Cash From Operating Activities | 1.7b | 1.4b | 1.4b |
Purchases of PP&E | (524.0m) | (731.0m) | (705.0m) |
Cash From Investing Activities | (529.0m) | (668.0m) | (1.0b) |
Short-term Borrowings | (400.0m) | ||
Long-term Borrowings | (21.0m) | ||
Dividends Paid | (367.0m) | (361.0m) | (373.0m) |
Cash From Financing Activities | (777.0m) | (731.0m) | (749.0m) |
Net Change in Cash | 413.0m | (379.0m) | |
Interest Paid | 82.0m | 76.0m | 76.0m |
Income Taxes Paid | 488.0m | 570.0m | 143.0m |
USD | Q1, 2017 |
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Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Stores | 3.28 k | 3.27 k | 3.28 k | 3.20 k | 3.19 k | 3.18 k | 3.19 k | 3.17 k | 3.17 k | 3.19 k | 3.22 k | 3.19 k | 3.34 k | 3.36 k | 3.40 k | 3.35 k |
Stores (Franchising) | 451 | 457 | 461 | 459 | 466 | 463 | 446 | 429 | 446 | 439 | 470 | 472 | 514 | 472 | 542 | 574 |
Stores (Athleta) | 122 | 126 | 130 | 132 | 133 | 133 | 140 | 148 | 147 | 154 | 157 | 161 | 165 | 171 | 185 | 190 |
Stores (Banana) | 668 | 669 | 671 | 650 | 646 | 644 | 644 | 621 | 617 | 614 | 619 | 601 | 600 | 601 | 601 | 589 |
Stores (Gap) | 1.35 k | 1.34 k | 1.34 k | 1.32 k | 1.31 k | 1.30 k | 1.30 k | 1.28 k | 1.28 k | 1.27 k | 1.28 k | 1.24 k | 1.23 k | 1.23 k | 1.22 k | 1.17 k |
Stores (Intermix) | 41 | 40 | 42 | 43 | 42 | 40 | 38 | 38 | 38 | 37 | 36 | 36 | 36 | 35 | 35 | 33 |
Stores (Janie and Jack) | 140 | 140 | 139 | 139 | ||||||||||||
Stores (Old Navy) | 1.10 k | 1.10 k | 1.10 k | 1.06 k | 1.06 k | 1.06 k | 1.07 k | 1.08 k | 1.09 k | 1.11 k | 1.13 k | 1.15 k | 1.16 k | 1.18 k | 1.22 k | 1.22 k |
Trademarks | 10 | 11 | 11 | 11 | ||||||||||||
Vendors | 800 | 800 | 700 | 800 |
FY, 2016 | FY, 2015 | |
---|---|---|
Male, percent | 25 % | 26 % |
Female, percent | 75 % | 74 % |
FY, 2016 | FY, 2015 | |
---|---|---|
Asian, percent | 7 % | |
Black / African American, percent | 19 % | 19 % |
White, percent | 48 % | 50 % |
Hispanic, percent | 21 % | 20 % |
Other | 5 % | 4 % |
Asian | 7 % |
FY, 2016 | FY, 2015 | |
---|---|---|
Female (Management), percent | 61 % | 60 % |
Male (Management), percent | 39 % | 40 % |