Forecast Of The Day: Gap Old Navy Stores Revenue Per Square Foot

-10.78%
Downside
10.65
Market
9.50
Trefis
GPS: Gap logo
GPS
Gap

What?

Trefis expects Gap’s (NYSE:GPS) Old Navy stores & Internet revenue per square foot to increase from levels of around $384 in 2020 to $442 in 2021 and $451 in 2022.

Why?

Relevant Articles
  1. What To Expect From Gap’s Stock After Q1?
  2. Is Gap Stock Undervalued?
  3. Gap Stock Down 15% In A Month, Looks Like A Steal At $14?
  4. What To Expect From Gap’s Stock Post Q4?
  5. What’s Next For Gap’s Stock After A 30% Fall?
  6. Company Of The Day: Gap

Although the metric saw a decline in 2020, due to the Covid-19 related lockdowns, the number should pickup in 2021 as the economy continues to re-open. We expect longer-term growth to be driven by the growth of the online business, omnichannel retailing, and expansion in international markets.

So What?

We think the ongoing recovery is largely priced into Gap stock, which remains up by roughly 60% year-to-date. We value Gap at about $32 per share, slightly ahead of the $31 market price.

See Our Complete Analysis For Gap

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams