Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 11%

Low stock price volatility
Vol 12M is 44%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Eco-friendly Products, Show more.

Weak multi-year price returns
2Y Excs Rtn is -53%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%

Key risks
GAP key risks include [1] a continued failure to maintain brand relevance and adapt to shifting consumer preferences, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.5%, FCF Yield is 11%
1 Low stock price volatility
Vol 12M is 44%
2 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Eco-friendly Products, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -53%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%
5 Key risks
GAP key risks include [1] a continued failure to maintain brand relevance and adapt to shifting consumer preferences, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/1/2026

Gap (GAP) stock has lost about 25% since 2/28/2026 because of the following key factors:

1. Gap Inc. reported a Q1 Fiscal 2026 earnings and revenue miss, alongside a lowered full-year sales outlook, leading to a significant stock decline.

The company announced adjusted diluted earnings per share (EPS) of $0.38 for the first quarter ended May 2, 2026, missing analysts' consensus estimates of $0.39 by $0.01. Net sales for the quarter were $3.5 billion, a 1% increase year-over-year, but fell short of analyst estimates of $3.52 billion. Following this announcement on May 28, 2026, Gap shares gapped down substantially, trading approximately 16% lower, as investors reacted negatively to the financial results and the company's decision to lower its full-year sales outlook.

2. Weak performance and slower growth in key brands, particularly Old Navy and Athleta, contributed to investor concerns.

The lowered full-year sales outlook was partly attributed to a slowdown in growth at Old Navy and overall softer consumer demand. Analysts pointed to "fashion missteps and weaker comps" within Old Navy as a contributing factor. Additionally, Athleta, another brand under Gap Inc., was projected to experience a 2.2% sales drop in Q1 fiscal 2026, and its turnaround is proceeding slower than anticipated, with some reports noting a shift from being a "must-have" brand to becoming "generic".

Show more
Updated on 6/1/2026

Gap (GAP) stock has lost about 25% since 2/28/2026 because of the following key factors:

1. Gap Inc. reported a Q1 Fiscal 2026 earnings and revenue miss, alongside a lowered full-year sales outlook, leading to a significant stock decline.

The company announced adjusted diluted earnings per share (EPS) of $0.38 for the first quarter ended May 2, 2026, missing analysts' consensus estimates of $0.39 by $0.01. Net sales for the quarter were $3.5 billion, a 1% increase year-over-year, but fell short of analyst estimates of $3.52 billion. Following this announcement on May 28, 2026, Gap shares gapped down substantially, trading approximately 16% lower, as investors reacted negatively to the financial results and the company's decision to lower its full-year sales outlook.

2. Weak performance and slower growth in key brands, particularly Old Navy and Athleta, contributed to investor concerns.

The lowered full-year sales outlook was partly attributed to a slowdown in growth at Old Navy and overall softer consumer demand. Analysts pointed to "fashion missteps and weaker comps" within Old Navy as a contributing factor. Additionally, Athleta, another brand under Gap Inc., was projected to experience a 2.2% sales drop in Q1 fiscal 2026, and its turnaround is proceeding slower than anticipated, with some reports noting a shift from being a "must-have" brand to becoming "generic".

3. Gross margin compression was experienced due to the impact of tariffs and potential rising freight costs.

Gap Inc.'s gross margin for Q1 fiscal 2026 decreased by 130 basis points to 40.5% compared to the prior year. The merchandise margin specifically saw a 100-basis-point decrease, which included an estimated net tariff impact of approximately 200 basis points. Although the company anticipated an estimated $80 million in net tariff relief from a 10% tariff rate under Section 122 for inventory received between February 24, 2026, and July 24, 2026, analysts cautioned that rising freight costs and the potential need for increased promotions could offset these benefits and limit margin expansion.

4. Broader macroeconomic headwinds and cautious consumer spending across the retail sector impacted demand.

Many retailers, including Gap, cited "elevated prices, persistent macroeconomic challenges, and a more cautious consumer" as significant obstacles during Q1 2026. Consumers are increasingly selective with their spending, favoring value-oriented retailers, which puts pressure on apparel and discretionary retailers that rely on strong product assortments and promotional strategies. Furthermore, lower-income consumers, a key demographic for brands like Old Navy, may face additional financial pressure from factors such as higher gas prices. Global retail sales are generally expected to see a modest slowdown in 2026, with ongoing geopolitical and economic uncertainty weighing on consumer confidence and softening employment trends.

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Stock Movement Drivers

Fundamental Drivers

The -24.8% change in GAP stock from 2/28/2026 to 6/17/2026 was primarily driven by a -21.4% change in the company's P/E Multiple.
(LTM values as of)22820266172026Change
Stock Price ($)27.8420.94-24.8%
Change Contribution By: 
Total Revenues ($ Mil)15,27915,3660.6%
Net Income Margin (%)5.6%5.3%-4.7%
P/E Multiple12.29.6-21.4%
Shares Outstanding (Mil)372373-0.3%
Cumulative Contribution-24.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/17/2026
ReturnCorrelation
GAP-24.8% 
Market (SPY)8.3%33.5%
Sector (XLY)-1.0%49.2%

Fundamental Drivers

The -21.6% change in GAP stock from 11/30/2025 to 6/17/2026 was primarily driven by a -18.0% change in the company's P/E Multiple.
(LTM values as of)113020256172026Change
Stock Price ($)26.7120.94-21.6%
Change Contribution By: 
Total Revenues ($ Mil)15,27915,3660.6%
Net Income Margin (%)5.6%5.3%-4.7%
P/E Multiple11.79.6-18.0%
Shares Outstanding (Mil)372373-0.3%
Cumulative Contribution-21.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/17/2026
ReturnCorrelation
GAP-21.6% 
Market (SPY)9.0%33.4%
Sector (XLY)-1.9%50.3%

Fundamental Drivers

The -3.4% change in GAP stock from 5/31/2025 to 6/17/2026 was primarily driven by a -8.4% change in the company's Net Income Margin (%).
(LTM values as of)53120256172026Change
Stock Price ($)21.6920.94-3.4%
Change Contribution By: 
Total Revenues ($ Mil)15,16115,3661.4%
Net Income Margin (%)5.8%5.3%-8.4%
P/E Multiple9.39.63.5%
Shares Outstanding (Mil)3753730.5%
Cumulative Contribution-3.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/17/2026
ReturnCorrelation
GAP-3.4% 
Market (SPY)27.2%38.2%
Sector (XLY)8.9%47.8%

Fundamental Drivers

The 189.3% change in GAP stock from 5/31/2023 to 6/17/2026 was primarily driven by a 194.9% change in the company's P/S Multiple.
(LTM values as of)53120236172026Change
Stock Price ($)7.2420.94189.3%
Change Contribution By: 
Total Revenues ($ Mil)15,41515,366-0.3%
P/S Multiple0.20.5194.9%
Shares Outstanding (Mil)367373-1.6%
Cumulative Contribution189.3%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/17/2026
ReturnCorrelation
GAP189.3% 
Market (SPY)84.3%39.5%
Sector (XLY)56.1%42.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GAP Return-11%-33%97%16%12%-14%31%
Peers Return24%-20%75%28%20%-1%163%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
GAP Win Rate67%33%58%33%50%67% 
Peers Win Rate53%42%65%55%55%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
GAP Max Drawdown-56%-55%-51%-33%-34%-28% 
Peers Max Drawdown-27%-51%-30%-23%-32%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TJX, ROST, BURL, ANF, AEO. See GAP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/17/2026 (YTD)

How Low Can It Go

EventGAPS&P 500
2025 US Tariff Shock
  % Loss-23.3%-18.8%
  % Gain to Breakeven30.4%23.1%
  Time to Breakeven24 days79 days
2023 SVB Regional Banking Crisis
  % Loss-45.2%-6.7%
  % Gain to Breakeven82.3%7.1%
  Time to Breakeven161 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-54.4%-24.5%
  % Gain to Breakeven119.5%32.4%
  Time to Breakeven505 days427 days
2020 COVID-19 Crash
  % Loss-68.0%-33.7%
  % Gain to Breakeven212.4%50.9%
  Time to Breakeven147 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-33.8%-12.2%
  % Gain to Breakeven51.0%13.9%
  Time to Breakeven657 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.1%-17.9%
  % Gain to Breakeven26.7%21.8%
  Time to Breakeven77 days123 days

Compare to TJX, ROST, BURL, ANF, AEO

In The Past

Gap's stock fell -23.3% during the 2025 US Tariff Shock. Such a loss loss requires a 30.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGAPS&P 500
2025 US Tariff Shock
  % Loss-23.3%-18.8%
  % Gain to Breakeven30.4%23.1%
  Time to Breakeven24 days79 days
2023 SVB Regional Banking Crisis
  % Loss-45.2%-6.7%
  % Gain to Breakeven82.3%7.1%
  Time to Breakeven161 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-54.4%-24.5%
  % Gain to Breakeven119.5%32.4%
  Time to Breakeven505 days427 days
2020 COVID-19 Crash
  % Loss-68.0%-33.7%
  % Gain to Breakeven212.4%50.9%
  Time to Breakeven147 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-33.8%-12.2%
  % Gain to Breakeven51.0%13.9%
  Time to Breakeven657 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.1%-17.9%
  % Gain to Breakeven26.7%21.8%
  Time to Breakeven77 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-31.2%-15.4%
  % Gain to Breakeven45.3%18.2%
  Time to Breakeven594 days125 days
2008-2009 Global Financial Crisis
  % Loss-54.5%-53.4%
  % Gain to Breakeven120.0%114.4%
  Time to Breakeven287 days1085 days

Compare to TJX, ROST, BURL, ANF, AEO

In The Past

Gap's stock fell -23.3% during the 2025 US Tariff Shock. Such a loss loss requires a 30.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Gap (GAP)

The Gap, Inc. (GAP) is a global apparel retail company that designs, manufactures, and sells a diverse range of clothing, accessories, and personal care products. It operates under several prominent brands, including Old Navy, Gap, Banana Republic, and Athleta. Its core product categories encompass everyday essentials such as denim, tees, fleece, and khakis, alongside fashion accessories like eyewear, jewelry, shoes, and handbags. The Athleta brand specifically focuses on fitness and lifestyle products for activities like yoga and training.

Gap primarily serves men, women, and children globally, with each brand targeting distinct customer preferences and demographics. The company reaches its broad customer base through a comprehensive multi-channel distribution strategy that includes company-operated stores, franchise stores, e-commerce websites, and third-party arrangements. Its extensive international footprint spans regions such as Asia, Europe, Latin America, the Middle East, and Africa, ensuring widespread access to its product offerings.

AI Analysis | Feedback

It's like the American version of Inditex (Zara's parent company) or H&M Group, managing a portfolio of well-known clothing brands.

Imagine a single company that owns a value-focused clothing chain (like Old Navy), a classic American casual brand (like Gap), and a premium activewear brand (like Lululemon for women).

AI Analysis | Feedback

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  • Apparel: A wide range of clothing for men, women, and children, including denim, tees, fleece, khakis, and specialized fitness and lifestyle wear.
  • Accessories: Complementary items such as eyewear, jewelry, shoes, and handbags.
  • Personal Care Products: Items like fragrances offered for men, women, and children.
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AI Analysis | Feedback

The Gap, Inc. (symbol: GAP) sells primarily to individuals. Its major customer categories are:

  • Men
  • Women
  • Children and Girls

AI Analysis | Feedback

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AI Analysis | Feedback

Richard Dickson, President and CEO, Gap Inc.
Richard Dickson joined Gap Inc. as President and CEO effective August 22, 2023. Prior to this role, he served as President and Chief Operating Officer of Mattel, where he oversaw innovation strategy, design and development, brand marketing, and franchise management for a portfolio of global brands. He also developed and launched the Mattel Playbook, a brand-building approach, during his time at Mattel. Before Mattel, Dickson was President and CEO of Branded Businesses for The Jones Group.

Katrina O'Connell, Chief Financial Officer
Katrina O'Connell has been with Gap Inc. for over 25 years and has served as Executive Vice President and Chief Financial Officer since March 2020. Her extensive experience within the company includes previous CFO roles at Old Navy and Banana Republic, as well as various other finance and operations positions across the organization.

Haio Barbeito, President and CEO, Old Navy
Horacio "Haio" Barbeito leads Old Navy as its President and CEO. He is described as a multi-disciplined leader with expertise in merchandising, marketing, supply chain, and store operations across various geographies. Before joining Old Navy, Barbeito spent 26 years at Walmart, including a decade in CEO roles for Walmart's international businesses, most recently as CEO for Walmart Canada. He joined Old Navy on August 1, 2022.

Mark Breitbard, President and CEO, Gap Brand
Mark Breitbard has more than 25 years of retail leadership experience, with roles in product, creative, and management at major global brands. He began leading Gap global in 2020, focusing on turning the brand around through new positioning and an updated operating model. Breitbard previously held leadership positions across Gap, contributing to the product-led resurgence of Gap's North America business between 2010 and 2013, and rejoined Gap Inc. in 2017.

Maggie Gauger, President and CEO, Athleta
Maggie Gauger assumed the role of President and CEO of Athleta, effective August 1, 2025. She brings over 25 years of experience in athletic and lifestyle apparel, with deep expertise in brand management, merchandising, product innovation, and digital commerce. Prior to joining Athleta, Gauger served as Vice President and General Manager of Nike's North America Women's Business.

AI Analysis | Feedback

Here are the key risks to Gap Inc. (GAP):

  1. Intense Competition and Evolving Consumer Preferences: Gap Inc. operates in a highly competitive and dynamic apparel retail market. The company faces significant pressure from fast-fashion retailers, online-only brands, and other established apparel companies, which constantly vie for market share. Rapidly changing fashion trends, increasing consumer demand for sustainable and ethically produced clothing, and the accelerated shift towards online shopping necessitate continuous adaptation. The inability to consistently meet evolving consumer demands and adapt to fast fashion cycles can lead to "fashion misses" and sales declines, as seen with some brands like Athleta. Consumers also face low switching costs, intensifying price-driven purchasing.
  2. Macroeconomic Headwinds and Tariff Impacts: Gap Inc. is susceptible to broader global economic conditions, including inflationary pressures, geopolitical instability, and fluctuations in consumer spending. A significant and frequently cited risk is the direct financial impact of tariffs, which have reduced gross margins and are expected to continue to do so. Management estimated tariffs would reduce consolidated operating margin by approximately 100-110 basis points in fiscal 2025, and projected a Q1 2026 gross margin shrink of 150-200 basis points due to these impacts.
  3. Supply Chain Disruptions and Operational Inefficiency: The company faces ongoing challenges in its global supply chain, which can be affected by geopolitical tensions, natural disasters, transportation shortages, factory closures, and inventory mismanagement. These disruptions can impact product availability, delivery, and ultimately, sales. Furthermore, Gap's "design-to-shelf" cycle is slower compared to fast-fashion rivals, undermining its ability to quickly respond to trend shifts and maintain inventory efficiency. Strengthening its supply chain and improving overall operational efficiency are crucial for meeting demand and maintaining competitiveness.

AI Analysis | Feedback

The rapid expansion and market share capture by ultra-fast fashion retailers such as Shein and Temu presents a clear emerging threat. These companies leverage highly agile supply chains, sophisticated data analytics, and direct-to-consumer digital marketing to produce vast quantities of trendy apparel at extremely low price points and rapid refresh cycles. This model directly challenges the market position of traditional apparel retailers like Gap, particularly its mass-market brands such as Old Navy and Gap, by offering consumers a constant influx of new styles at significantly lower costs, thereby disrupting established consumer purchasing patterns and market share dynamics.

AI Analysis | Feedback

Gap Inc. operates in several large addressable markets for its main products and services, including apparel, fashion accessories, and athleisure.

  • Global Apparel Market: The global apparel market was valued at approximately $1.84 trillion in 2025.
  • U.S. Apparel Market: The U.S. apparel market was valued at $365.70 billion in 2025.
  • Global Fashion Accessories Market: The global fashion accessories market size was estimated at USD 1,143.52 billion in 2025.
  • U.S. Fashion Accessories Market: The U.S. fashion accessories market was valued at USD 223.2 billion in 2024.
  • Global Athleisure Market: The global athleisure market size accounted for USD 472.71 billion in 2025.
  • U.S. Athleisure Market: The North America athleisure market size reached USD 126.16 billion in 2025.

AI Analysis | Feedback

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For the public company Gap (symbol: GAP), the following are expected drivers of future revenue growth over the next 2-3 years:

  1. Brand Reinvigoration Across Key Brands: Gap Inc. is prioritizing the rejuvenation of its core brands, including Old Navy, Gap, Banana Republic, and Athleta, through targeted strategies to improve their market standing and performance. Old Navy and the Gap brand have demonstrated consistent positive comparable sales and traffic growth, with Old Navy showing four consecutive quarters of positive growth and the Gap brand recording five consecutive quarters of share gains as of Q2 2024. Banana Republic is also being revitalized with store redesigns and a focus on the premium lifestyle sector, and Athleta is undergoing a turnaround with product innovation. These brand-specific strategies, aimed at strengthening relevance and market share, are anticipated to continue driving revenue.
  2. Digital-First Strategy and E-commerce Expansion: A significant focus for Gap Inc. is its digital-first approach, with a strong emphasis on growing e-commerce sales. The company aims to enhance customer experiences and operational efficiency through technological innovation and digital solutions, including AI integration. Online sales have been a key driver, increasing 5% in Q4 fiscal 2025 and representing 42% of total net sales. Continued investment in its online platforms and digital engagement is expected to contribute to revenue growth.
  3. Expansion into New Product Categories (Beauty and Accessories): Gap Inc. is strategically expanding into the beauty and accessories markets to diversify its offerings and leverage opportunities in these fast-growing retail categories. A phased launch began with an initial test at Old Navy in Fall 2025, with plans to scale the beauty business in 2026 and introduce brand-right expressions across its portfolio. This expansion into underdeveloped, yet relevant, categories for its consumers is expected to unlock new revenue streams.
  4. Optimizing Store Footprint and Enhancing Customer Experience: The company is actively managing its physical store presence by strategically closing underperforming locations to improve operational efficiency and reallocating resources to more profitable ventures. Concurrently, Gap Inc. is accelerating customer experience improvements, including store remodels and refining in-store service and aesthetics across its brands, to build momentum and foster stronger customer engagement and loyalty. These efforts, alongside "fashiontainment" initiatives, are designed to drive traffic and increase sales.
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AI Analysis | Feedback

<h3>Share Repurchases</h3> <ul> <li>In fiscal year 2025, Gap Inc. authorized a new $1 billion share repurchase program, which supersedes prior authorizations.</li> <li>The company repurchased 7 million shares for $155 million during fiscal year 2025 and distributed a total of $402 million to shareholders through dividends and share repurchases.</li> <li>For fiscal year 2024, Gap Inc. repurchased 3 million shares for approximately $75 million during the fourth quarter and distributed $300 million to shareholders through dividends and share repurchases.</li> </ul> <h3>Share Issuance</h3> <ul> <li>Gap Inc.'s shares outstanding were 384 million at the end of fiscal year 2025 (January 31, 2026).</li> <li>The number of shares outstanding increased by 2.13% in fiscal year 2025 compared to 2024, and by 2.45% in fiscal year 2024 compared to 2023.</li> </ul> <h3>Outbound Investments</h3> <ul> <li>In October 2021, Gap Inc. acquired CB4, an AI startup focused on using machine learning for retail operations, predictive analytics, and demand sensing.</li> <li>In August 2021, Gap Inc. acquired Drapr, an e-commerce startup that provides 3D-fit technology and virtual fitting rooms.</li> <li>Early in 2021, Gap Inc. participated in a funding round for obé fitness, a digital fitness platform that collaborates with its Athleta brand.</li> </ul> <h3>Capital Expenditures</h3> <ul> <li>Gap Inc. anticipates capital expenditures of approximately $650 million for fiscal year 2026, with a focus on investments in store formats, AI, technology, and supply chain improvements.</li> <li>Capital expenditures for fiscal year 2025 were $447 million.</li> <li>Fiscal year 2024 capital expenditures were $420 million, and for fiscal year 2023, they were also $420 million.</li> </ul>

Interactive Breakdown

Gap Interactive Breakdown Analysis

Better Bets vs. Gap (GAP)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GAPTJXROSTBURLANFAEOMedian
NameGap TJX Comp.Ross Sto.Burlingt.Abercrom.American. 
Mkt Price20.94164.13233.25330.7684.7117.10124.42
Mkt Cap7.8181.574.420.83.82.914.3
Rev LTM15,36661,58423,77611,9195,2835,65313,643
Op Inc LTM1,1157,5482,905874686424994
FCF LTM8235,4772,632368416185620
FCF 3Y Avg9914,5081,992141477261734
CFO LTM1,2937,5993,4531,3226674461,307
CFO 3Y Avg1,4376,4742,7741,0346764861,236

Growth & Margins

GAPTJXROSTBURLANFAEOMedian
NameGap TJX Comp.Ross Sto.Burlingt.Abercrom.American. 
Rev Chg LTM1.9%8.1%11.9%10.6%5.1%7.2%7.6%
Rev Chg 3Y Avg-0.5%7.0%8.1%10.2%12.6%4.1%7.6%
Rev Chg Q2.1%9.2%20.6%14.1%1.5%9.7%9.5%
QoQ Delta Rev Chg LTM0.6%2.0%4.5%3.0%0.3%1.9%2.0%
Op Inc Chg LTM0.3%20.2%11.7%19.6%-3.7%41.9%15.6%
Op Inc Chg 3Y Avg336.8%15.4%13.9%28.4%118.6%21.2%24.8%
Op Mgn LTM7.3%12.3%12.2%7.3%13.0%7.5%9.9%
Op Mgn 3Y Avg6.1%11.4%12.1%6.7%13.4%6.9%9.1%
QoQ Delta Op Mgn LTM-0.2%0.4%0.3%0.0%-0.3%1.6%0.2%
CFO/Rev LTM8.4%12.3%14.5%11.1%12.6%7.9%11.7%
CFO/Rev 3Y Avg9.5%11.2%12.6%9.5%13.9%9.0%10.3%
FCF/Rev LTM5.4%8.9%11.1%3.1%7.9%3.3%6.6%
FCF/Rev 3Y Avg6.6%7.8%9.0%1.3%9.9%4.8%7.2%

Valuation

GAPTJXROSTBURLANFAEOMedian
NameGap TJX Comp.Ross Sto.Burlingt.Abercrom.American. 
Mkt Cap7.8181.574.420.83.82.914.3
P/S0.52.93.11.70.70.51.2
P/Op Inc7.024.025.623.85.56.815.4
P/EBIT6.423.424.223.15.46.814.9
P/E9.631.432.133.37.710.220.8
P/CFO6.023.921.515.75.76.411.1
Total Yield10.4%4.2%3.8%3.0%13.0%11.2%7.3%
Dividend Yield0.0%1.0%0.7%0.0%0.0%1.5%0.4%
FCF Yield 3Y Avg11.5%3.2%3.8%0.7%10.2%8.1%5.9%
D/E0.70.10.10.30.30.70.3
Net D/E0.30.00.00.20.20.60.2

Returns

GAPTJXROSTBURLANFAEOMedian
NameGap TJX Comp.Ross Sto.Burlingt.Abercrom.American. 
1M Rtn1.0%9.2%10.7%13.9%17.7%15.1%12.3%
3M Rtn-12.2%7.7%12.8%10.1%-1.5%-0.2%3.8%
6M Rtn-22.0%6.1%28.2%23.3%-27.7%-35.8%-7.9%
12M Rtn2.6%35.1%82.4%45.0%13.0%80.2%40.0%
3Y Rtn142.2%110.2%122.9%118.3%134.8%59.2%120.6%
1M Excs Rtn0.8%9.0%10.5%13.7%17.5%14.8%12.1%
3M Excs Rtn-24.2%-4.3%0.8%-1.9%-13.5%-12.2%-8.2%
6M Excs Rtn-29.7%-3.5%18.2%13.9%-37.5%-44.8%-16.6%
12M Excs Rtn-21.2%10.7%56.5%17.2%-10.0%59.0%14.0%
3Y Excs Rtn67.2%42.4%55.0%45.0%75.3%-11.6%50.0%

Financials

Segment Financials

Revenue by Segment
$ Mil2026202520242023
Single Segment15,36615,08614,88915,616
Total15,36615,08614,88915,616


Operating Income by Segment
$ Mil20262025202420132012
Single Segment1,1151,112560  
Direct   434343
Stores   1,5081,095
Total1,1151,1125601,9421,438


Assets by Segment
$ Mil2013201220112010
Stores3,4073,3153,2643,124
Unallocated3,1773,5163,2564,373
Direct886591545488
Total7,4707,4227,0657,985


Price Behavior

Price Behavior
Market Price$20.94 
Market Cap ($ Bil)7.8 
First Trading Date07/23/1987 
Distance from 52W High-27.6% 
   50 Days200 Days
DMA Price$23.38$24.36
DMA Trendupdown
Distance from DMA-10.4%-14.0%
 3M1YR
Volatility51.2%44.3%
Downside Capture141.37143.54
Upside Capture40.32108.64
Correlation (SPY)26.2%38.1%
GAP Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta2.201.761.311.231.421.44
Up Beta7.912.441.591.711.841.54
Down Beta0.271.161.401.741.401.06
Up Capture-80%16%30%39%103%529%
Bmk +ve Days13283667141432
Stock +ve Days10203364128366
Down Capture287%331%194%125%133%110%
Bmk -ve Days7132757109318
Stock -ve Days10213060122378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GAP
GAP1.8%44.2%0.17-
Sector ETF (XLY)8.8%18.5%0.3249.1%
Equity (SPY)24.5%12.4%1.4838.6%
Gold (GLD)24.7%27.5%0.794.0%
Commodities (DBC)22.7%18.9%0.95-15.7%
Real Estate (VNQ)10.6%13.8%0.4931.5%
Bitcoin (BTCUSD)-38.7%42.4%-1.0415.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GAP
GAP-4.1%55.6%0.14-
Sector ETF (XLY)6.9%23.8%0.2548.2%
Equity (SPY)13.4%17.1%0.6145.6%
Gold (GLD)16.9%18.3%0.751.7%
Commodities (DBC)7.5%19.4%0.2911.5%
Real Estate (VNQ)1.9%18.9%0.0035.6%
Bitcoin (BTCUSD)12.3%54.2%0.4216.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GAP
GAP4.3%55.3%0.30-
Sector ETF (XLY)12.4%22.1%0.5250.0%
Equity (SPY)15.2%18.0%0.7247.1%
Gold (GLD)12.4%16.1%0.63-1.6%
Commodities (DBC)5.9%18.0%0.2617.0%
Real Estate (VNQ)5.3%20.7%0.2241.6%
Bitcoin (BTCUSD)60.4%66.8%1.0012.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity25.3 Mil
Short Interest: % Change Since 5152026-4.1%
Average Daily Volume12.2 Mil
Days-to-Cover Short Interest2.1 days
Basic Shares Quantity373.0 Mil
Short % of Basic Shares6.8%

Earnings Returns History

Updated 6/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/28/2026-15.4%-13.8% 
3/5/2026-14.4%-15.0%-6.1%
11/20/20258.2%19.3%14.4%
8/28/20251.5%9.8%-1.6%
5/29/2025-20.2%-22.8%-22.0%
3/6/202518.8%6.6%-1.8%
11/21/202412.8%10.0%8.9%
8/29/20241.6%-5.0%-4.5%
...
SUMMARY STATS   
# Positive16139
# Negative81114
Median Positive7.6%16.8%14.4%
Median Negative-14.9%-13.8%-6.4%
Max Positive30.6%38.0%53.4%
Max Negative-24.1%-32.0%-26.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/28/2026-15.4%-13.8% 
3/5/2026-14.4%-15.0%-6.1%
11/20/20258.2%19.3%14.4%
8/28/20251.5%9.8%-1.6%
5/29/2025-20.2%-22.8%-22.0%
3/6/202518.8%6.6%-1.8%
11/21/202412.8%10.0%8.9%
8/29/20241.6%-5.0%-4.5%
5/30/202428.6%14.4%3.3%
3/7/20248.2%19.0%21.5%
11/16/202330.6%38.0%53.4%
8/24/20237.2%21.5%7.6%
5/25/202312.4%17.3%20.2%
3/9/2023-6.1%-13.4%-12.5%
11/17/20227.6%16.8%-1.6%
8/25/2022-1.9%-7.7%-16.2%
3/3/20220.0%0.2%-5.1%
11/23/2021-24.1%-32.0%-26.5%
8/26/20210.6%-2.5%-6.7%
5/27/2021-4.8%-10.1%-7.1%
3/4/20217.6%17.6%19.2%
11/24/2020-19.6%-22.1%-24.0%
8/27/20200.9%1.7%-1.0%
6/4/20201.4%-16.5%3.0%
SUMMARY STATS   
# Positive16139
# Negative81114
Median Positive7.6%16.8%14.4%
Median Negative-14.9%-13.8%-6.4%
Max Positive30.6%38.0%53.4%
Max Negative-24.1%-32.0%-26.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/17/202610-K
10/31/202511/25/202510-Q
07/31/202508/29/202510-Q
04/30/202505/30/202510-Q
01/31/202503/18/202510-K
10/31/202411/26/202410-Q
07/31/202408/30/202410-Q
04/30/202405/31/202410-Q
01/31/202403/19/202410-K
10/31/202311/21/202310-Q
07/31/202308/25/202310-Q
04/30/202305/26/202310-Q
01/31/202303/14/202310-K
10/31/202211/22/202210-Q
07/31/202208/26/202210-Q
04/30/202205/27/202210-Q
Collapse to Preview
Report DateFiling DateFiling
01/31/202603/17/202610-K
10/31/202511/25/202510-Q
07/31/202508/29/202510-Q
04/30/202505/30/202510-Q
01/31/202503/18/202510-K
10/31/202411/26/202410-Q
07/31/202408/30/202410-Q
04/30/202405/31/202410-Q
01/31/202403/19/202410-K
10/31/202311/21/202310-Q
07/31/202308/25/202310-Q
04/30/202305/26/202310-Q
01/31/202303/14/202310-K
10/31/202211/22/202210-Q
07/31/202208/26/202210-Q
04/30/202205/27/202210-Q
01/31/202203/15/202210-K
10/31/202111/24/202110-Q
07/31/202108/27/202110-Q
04/30/202105/28/202110-Q
01/31/202103/16/202110-K
10/31/202011/25/202010-Q
07/31/202008/31/202010-Q
04/30/202006/09/202010-Q
01/31/202003/17/202010-K
10/31/201911/27/201910-Q
07/31/201908/30/201910-Q
04/30/201905/31/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue Growth -0.5%    
2026 Revenue Growth 1.5% -40.0%-1.0%LoweredGuidance: 2.5% for 2026
2026 Operating Margin 7.4% 00AffirmedGuidance: 7.4% for 2026
2026 EPS 2.88    

Prior: Q4 2025 Earnings Reported 3/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue Growth1.0%1.5%2.0%  Higher New
2026 Revenue Growth2.0%2.5%3.0%35.1%0.6%RaisedGuidance: 1.85% for 2025
2026 Operating Margin7.3%7.4%7.5%2.8%0.2%RaisedGuidance: 7.2% for 2025
2026 EPS2.22.272.35  Higher New
2026 Capital Expenditures 650.00 Mil 23.8% RaisedGuidance: 525.00 Mil for 2025

Insider Activity

Updated 6/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gruber, JulieChief Legal&Compliance OfficerDirectSell420202627.005,302143,1541,577,190Form
2Chan, Eric KayenChief Business & Strat OfficerDirectSell413202626.1813,377350,266575,198Form
3Fisher, John JTrustSell410202625.40300,0007,620,00011,348,237Form
4Thompson, Amanda JChief People OfficerDirectSell407202625.1425,000628,3852,167,375Form
5Barbeito, HoracioPresident & CEO, Old NavyDirectSell323202624.01113,6842,729,9732,762,161Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gruber, JulieChief Legal&Compliance OfficerDirectSell420202627.005,302143,1541,577,190Form
2Chan, Eric KayenChief Business & Strat OfficerDirectSell413202626.1813,377350,266575,198Form
3Fisher, John JTrustSell410202625.40300,0007,620,00011,348,237Form
4Thompson, Amanda JChief People OfficerDirectSell407202625.1425,000628,3852,167,375Form
5Barbeito, HoracioPresident & CEO, Old NavyDirectSell323202624.01113,6842,729,9732,762,161Form
6O'Connell, KatrinaChief Financial OfficerDirectSell318202623.85153,4133,658,498274,316Form
7Gruber, JulieChief Legal&Compliance OfficerDirectSell318202623.8574,2171,769,8901,287,060Form
8Breitbard, MarkPresident & CEO, Gap BrandDirectSell318202623.80119,1552,836,3183,234,528Form
9O'Connell, KatrinaChief Financial OfficerDirectSell316202623.7416,036380,693183,225Form
10Breitbard, MarkPresident & CEO, Gap BrandDirectSell316202623.7416,030380,5543,126,642Form
11Gruber, JulieChief Legal&Compliance OfficerDirectSell1218202528.0030,000840,0001,047,058Form
12Fisher, William SydneyTrustSell1215202526.8111,140298,66373,820,075Form
13Fisher, John JTrustSell1215202527.043,971107,37620,192,958Form
14Fisher, William SydneyTrustSell1215202526.8288,8602,383,22574,146,384Form
15Fisher, William SydneyTrustSell1205202527.02400,00010,808,00077,100,300Form
16Fisher, Robert JTrustSell1203202527.45500,00013,725,00063,944,830Form
17Fisher, John JTrustSell1201202527.75250,0006,938,10020,835,170Form
18Donohue, Elisabeth B DirectSell1126202527.113,00081,33227,110Form
19Gruber, JulieChief Legal&Compliance OfficerDirectSell1126202527.0062,0731,675,9711,009,663Form
20Fisher, Robert JTrustSell926202522.90500,00011,448,15064,785,127Form
21Fisher, William SydneyTrustSell917202523.86200,0004,772,52077,635,848Form
22Fisher, William SydneyTrustSell905202523.82243,0645,788,66682,245,365Form
Core Cache Last Updated: 6/17/2026