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GAP集团(GPS)2025财年第四季度及全年业绩报告「NYSE」(英文版)(16页).pdf

上传人: 1****1 编号:1188404 2026-04-13 16页 201.46KB

1、GapInc.ReportsFourthQuarterandFiscal2025Results;ProvidesFiscal2026Outlook2025netsalesgrew2%versuslastyear,athighendofoutlook;comparablesalesup3%8thconsecutivequarterofpositivecomparablesalesDeliveredfullyearoperatingincomeof$1.1billion;operatingmarginof7.3%,exceededoutlookGenerated$1.3billioninopera

2、tingcashflowfortheyearAnnouncesnew$1billionsharerepurchaseauthorizationSANFRANCISCOMarch5,2026GapInc.(NYSE:GAP),thelargestspecialtyapparelcompanyintheU.S.withapurpose-drivenhouseoficonicbrandsincludingOldNavy,Gap,BananaRepublic,andAthleta,todayreportedfinancialresultsforitsfourthquarterandfiscalyear

3、endedJanuary31,2026.“IampleasedtoreportthatGapInc.deliveredasuccessfulfourth quarter,markinganotheryearofmeaningfulprogress,”saidPresidentandChiefExecutiveOfficer,RichardDickson.“Theexecutionofourplaybookisdrivingconsistentresults,asweachievedoursecondconsecutiveyearoftoplinegrowthandeighthconsecuti

4、vequarterofpositivecomparablesales.Financialandoperationalrigorcombinedwiththestrengthofourplatformdroveoneofourhighestgrossmarginsinthelast25yearsandfurtherstrengthenedourbalancesheet.”Dicksoncontinued,“Aswemoveintothenextphaseofourtransformationweremainfocusedongrowingourcoreapparelbusinessthrough

5、continuousimprovementwhilethoughtfullyseedinggrowthacceleratorsthatwillscaleovertime.OuraspirationsremainhighandourteamsareenergizedaswecontinuetodrivetowardbecomingahighperforminghouseoficonicAmericanbrandsthatdeliverslong-termvalueforourshareholders.”FourthQuarterFiscal2025-FinancialResultsNetsale

6、sof$4.2billionwereup2%comparedtolastyear.Storesaleswereflatandonlinesalesincreased5%comparedtolastyear.Onlinesalesrepresented42%oftotalnetsales.Comparablesaleswereup3%.Grossmarginof38.1%,declined80basispointsversuslastyear.Merchandisemargindeclined90basispointsversuslastyearprimarilyduetoanestimated

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1. **2025财年业绩**:净销售额154亿美元(同比+2%),可比销售额连续8季度增长(+3%);运营利润11亿美元(利润率7.3%),自由现金流8.23亿美元。 2. **品牌表现**:Old Navy净销售额87亿美元(+3%),Gap 35亿美元(+5%),Banana Republic 19亿美元(-1%),Athleta 12亿美元(-10%)。 3. **2026财年展望**:净销售额预计增长2%-3%,毛利率持平或略升,运营利润率目标7.3%-7.5%,每股收益预期2.20-2.35美元。 4. **股东回报**:批准10亿美元股票回购计划,2025年分红及回购返还股东4.02亿美元,2026年Q1股息增至0.175美元/股(+6%)。
**Gap增长动力?** **Athleta为何下滑?** **股东回报计划?**
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