Gap (GAP) Q4 2026 Earnings Call Transcript
This document is a transcript of Gap Inc.'s (GAP) Q4 2026 Earnings Call, which took place on March 5, 2026, at 5:00 PM EST. The call features key company participants, including the CEO and CFO, as well as several equity research analysts from various financial institutions. The transcript provides insights into the company's financial performance and discussions during the earnings call.
CX Institutional Buys 314,893 Shares of The Gap, Inc. $GAP
CX Institutional has acquired 314,893 shares of The Gap, Inc. (NYSE:GAP) worth approximately $7.2 million, as institutional investors now collectively own 58.81% of the company. Analyst sentiment remains mixed with a "Hold" consensus rating and an average price target of $27.07, despite the company beating quarterly EPS estimates but experiencing a 2% year-over-year revenue decline. The Gap also declared a quarterly dividend of $0.175 per share, representing a 3.1% annualized yield.
Megan Weiss Appointed SVP, Head of HR at Old Navy
Megan Weiss has been appointed Senior Vice President, Head of HR at Old Navy, a Gap Inc. brand. She previously led HR at Athleta and brings extensive retail HR experience from Victoria's Secret. Her role will involve overseeing HR for Old Navy's global e-commerce and over 1,000 stores.
Gap Coupon Codes & Discounts for October 2026
This article compiles the latest coupon codes and discounts for Gap and Gap Factory for October 2026, offering significant savings on fall sales, clearance items, and new credit card sign-ups. It also details Gap's shipping and return policies, the benefits of their Encore rewards program, and how GapCash works, providing a comprehensive guide for shoppers.
A director sells 66,344 Gap (GAP) shares and reports a 21,625-share gift.
Gap Inc. director and 10% owner William Sydney Fisher sold 66,344 shares of common stock on September 30, 2026, at a weighted-average price of $23.06 per share. He also reported a gift of 21,625 shares on September 29, 2026. The filing indicates indirect holdings through limited partnerships, his spouse, and a trust.
After gifting 43,250 shares, Gap Inc (GAP) director Fisher holds 12,623,116 shares directly.
Gap Inc. director and 10 percent owner Robert J. Fisher reported a gift transfer of 43,250 common shares on September 29, 2026. After this transaction, his directly held position in the company is 12,623,116 shares. He also holds significant indirect shares through limited partnerships, his spouse, and a trust.
Old Navy and Joseph Altuzarra Unveil a Romantic Collection That Brings Specialty American Design to Everyday Style
Old Navy has announced its latest designer collaboration, Old Navy x Altuzarra, a limited-edition collection designed by Joseph Altuzarra. The capsule collection, inspired by Romantic and Gothic fiction, features styles for women, girls, and toddlers, marking a first for Old Navy's designer collaborations. It aims to bring Altuzarra's signature blend of romance, craftsmanship, and storytelling to an accessible fall wardrobe, available starting September 30, 2026.
Gap Inc. Expands Investment in the Creative Community to Power San Francisco's Future
Gap Inc. announced new investments in San Francisco's creative economy, including an artist residency at its headquarters, an expanded partnership with Nest to support local makers, and a public art installation with the Institute of Contemporary Art San Francisco. These initiatives aim to foster economic vitality, support local artists and entrepreneurs, and strengthen cultural institutions, reflecting Gap Inc.'s long-standing commitment to the city. The company believes that arts and creativity are crucial for a vibrant and economically competitive San Francisco.
Gap Inc. is turning its San Francisco headquarters into an artist hub
Gap Inc. is expanding its investment in the Bay Area's arts scene by transforming its San Francisco headquarters into an artist hub. The initiative includes opening its doors to musicians and visual artists for residencies and performances, expanding its partnership with Nest to support small businesses, and collaborating with the Institute of Contemporary Art San Francisco for a large-scale art installation. These efforts aim to foster creativity, support local artists, and contribute to the economic vitality of the city.
Why Gap Inc. (GAP) Stock Is Up Today
Gap Inc. (GAP) stock rose 6.3% today, primarily driven by sustained positive momentum from its turnaround efforts rather than a single new announcement. Investors are reacting positively to stronger profit trends, a new CEO at Old Navy, and ongoing brand-building initiatives like new product collaborations and launches. The article also details recent insider trading activity, hedge fund movements, congressional stock trading, and analyst price targets for GAP.
The Gap, Inc. (NYSE:GAP) Stock Rated "Hold" by Sell-Side Brokerages
Nineteen sell-side brokerages have issued a consensus "Hold" rating for The Gap, Inc. (NYSE:GAP), with an average 12-month price target of $27.07 against a recent price of $21.83. Recent analyst actions were mixed, including upgrades and downgrades, while the company reported quarterly EPS of $0.52, beating estimates, and declared a quarterly dividend of $0.175 per share. Institutional investors have significantly modified their holdings in GAP, with a total of 58.81% of the stock owned by hedge funds and other institutional investors.
Gap Just Signed a Boy Band. It’s Betting the Musicians Can Do What Discounts Couldn’t
Gap has signed a multiyear partnership with the boy band Just Your Type (JYT) as part of its new "Fashiontainment" platform, hoping to cultivate customer "fandom" rather than relying on discounts. This strategy follows the success of its 2025 "Better in Denim" campaign with girl group KATSEYE, which generated significant engagement and double-digit growth. Gap aims to build a deeper connection with consumers by creating original content and live experiences around the band.
The Gap, Inc. $GAP Shares Sold by Corient Private Wealth LP
Corient Private Wealth LP significantly reduced its stake in The Gap, Inc. ($GAP) by 84.7% in Q2, selling 463,787 shares, though institutional investors still collectively own a substantial portion of the company. Despite mixed analyst ratings, with some upgrades and downgrades, Gap beat quarterly earnings estimates and declared a quarterly dividend. The company's stock shows a market cap of $7.61 billion and has a current average "Hold" rating from analysts with an average target price of $27.07.
Gap Inc. Launches ‘Fashiontainment’ Strategy With JYT Boy Band
Gap Inc. is launching a new "Fashiontainment" strategy, a multiyear partnership with the boy band Just Your Type (JYT). This initiative will involve a docuseries, a national mall tour, a co-designed capsule collection, and social media content, aiming to blend fashion with entertainment. Pam Kaufman, Gap Inc.'s executive vice president and chief entertainment officer, is spearheading this strategy to increase sales and loyalty across Gap brands.
Gap Inc. debuts ‘Fashiontainment’ strategy with boy band JYT
Gap Inc. is launching its "Fashiontainment" strategy with a multi-year partnership with the boy band Just Your Type (JYT). This collaboration will involve co-producing a docuseries, a national mall tour with in-store activations, and a co-designed capsule merchandise collection. The initiative aims to deepen consumer relationships by leveraging Gap brands across music, sports, and entertainment.
Gap partners with boy band Just Your Type in multiyear partnership
The Gap has announced a multiyear partnership with the pop boy band Just Your Type (JYT) as part of a new clothing collection launch and national mall tour. This collaboration is the first under Gap's "Fashiontainment" platform, aiming to leverage content creation, licensing, and partnerships to revitalize the brand. The initiative is a key part of CEO Richard Dickson's strategy to turn around Gap Inc., building on his previous success with Barbie.
Gap Inc. Debuts First Fashiontainment Partnership with Emerging Boy Band JYT
Gap Inc. has announced a multi-year "Fashiontainment" partnership with the emerging five-member boy band JYT, signed to Wexler Records/Republic Records. This collaboration will feature a multi-episode docuseries, a national mall tour including live performances and in-store activations, and a co-designed Gap x JYT capsule collection. The initiative aims to blend style, music, and culture to deepen consumer relationships and leverage Gap's iconic brands within entertainment.
Gap rolls out Fashiontainment strategy with boy band collaboration
Gap has initiated its "Fashiontainment" strategy with a multiyear partnership with the boy band Just Your Type (JYT). This collaboration includes a documentary series co-produced by Gap, a fall capsule clothing collection, and fan experiences at malls across the U.S. The move aims to deeply embed Gap with emerging talent in music and fashion, targeting a young audience and extending its existing marketing strategy that often incorporates pop music and dance.
Gap Inc. Launches "Fashiontainment" Strategy With JYT Boy Band
Gap Inc. is launching a new "Fashiontainment" strategy with a multiyear partnership with the boy band Just Your Type (JYT). This initiative aims to integrate marketing, merchandising, and storytelling with entertainment and culture, featuring a docuseries, a mall tour, and a co-designed capsule collection. The strategy, spearheaded by newly appointed Chief Entertainment Officer Pam Kaufman, seeks to boost sales and brand loyalty across Gap Inc.'s brands by creating compelling content and experiences.
Gap Inc. Appoints Kirsten Green to Board of Directors
Gap Inc. announced the appointment of Kirsten Green, Founder and Managing Partner of Forerunner, to its Board of Directors. Green brings over two decades of experience in venture capital, focusing on consumer behavior shifts and supporting companies from early stages through scale. Her expertise is expected to be valuable as Gap Inc. aims to strengthen its brands and pursue new growth avenues.
Gap Inc. appoints venture capitalist Kirsten Green to board
Gap Inc. has appointed Kirsten Green, founder and managing partner of venture capital firm Forerunner, to its board of directors, effective immediately. Green brings over two decades of venture capital experience and has a strong track record of identifying shifts in consumer behavior and translating them into business opportunities. Her firm, Forerunner, has raised nearly $3 billion and invested in over 100 companies.
Old Navy Launches Sport Sub-Brand as Gap Inc. Works to Fix Second-Quarter Slump
Old Navy has launched Old Navy Sport, a dedicated activewear sub-brand, in response to a 4% comparable sales drop in the second quarter, its first decline in six quarters. The new sub-brand will feature shop-in-shop locations in 42 stores, a new social media handle, and an updated assortment of activewear. This initiative is part of a broader turnaround strategy by Gap Inc., which also includes new leadership for Old Navy and other brand launches, aiming for sequential improvement in the second half of fiscal 2026.
Old Navy’s new subbrand is a big bet on activewear
Old Navy has launched a new activewear subbrand, Old Navy Sport, which will be featured in shop-in-shops in over 40 stores and across digital platforms. This move aims to capitalize on Old Navy's strong performance in activewear, a category that has remained robust for the brand despite overall sales struggles for Gap Inc. and challenges faced by competitors like Athleta and Lululemon. The company believes giving the activewear assortment its own identity will further boost its appeal to consumers, who are increasingly active.
Transcript : The Gap, Inc. Presents at Goldman Sachs Global Consumer and Retail Conference, Sep-14-2026 07
The Gap, Inc. presented at the Goldman Sachs Global Consumer and Retail Conference on September 14, 2026. The transcript includes remarks from executive Richard Dickson regarding the Gap brand's story and developments over the past three years. The full article content is reserved for subscribers.
Gap Inc. at Goldman Sachs conference: gap gains, old navy resets
Gap Inc. presented at the Goldman Sachs Global Consumer and Retail Conference, detailing a portfolio-wide transformation. The Gap brand is showing clear progress with 11 consecutive quarters of gains, while Old Navy is undergoing a reset due to first-half sales declines from assortment issues. The company is focusing on new growth categories like beauty and accessories, and leveraging "fashiontainment" to increase cultural relevance, all while maintaining financial discipline.
225,718 Shares in The Gap, Inc. $GAP Bought by Engineers Gate Manager LP
Engineers Gate Manager LP acquired a new stake of 225,718 shares in The Gap, Inc. (NYSE:GAP) during the second quarter, valued at approximately $4.2 million, bringing their total ownership to 0.06%. This purchase comes as institutional investors collectively hold 58.81% of Gap's stock. Gap recently surpassed quarterly EPS expectations, reporting $0.52 against an estimated $0.48, despite a 2% year-over-year revenue decline.
WINTON GROUP Ltd Has $2.14 Million Stock Position in The Gap, Inc. $GAP
WINTON GROUP Ltd significantly reduced its stake in The Gap, Inc. (NYSE:GAP) by 61.1% in the second quarter, holding 114,377 shares valued at $2.14 million. Despite beating EPS estimates, Gap's revenue declined 2% year-over-year. The company announced a quarterly dividend of $0.175, and analyst sentiment remains mixed with a consensus "Hold" rating and an average price target of $27.07, as the company explores brand initiatives for sales momentum.
HighTower Advisors LLC Has $13.34 Million Position in The Gap, Inc. $GAP
HighTower Advisors LLC significantly reduced its stake in The Gap, Inc. (NYSE:GAP) by 41.8% in the second quarter, now holding 714,214 shares valued at $13.34 million. Despite the reduction, institutional investors collectively own 58.81% of GAP. The company recently reported strong quarterly EPS, affirmed its fiscal 2026 guidance, and declared a quarterly dividend, while analysts maintain a "Hold" rating with an average price target of $27.07.
Jamie Drew Named Head of Strategic Partnerships at Gap
Jamie Drew has been appointed Head of Strategic Partnerships and Growth at Gap Inc., where she will lead strategic partnerships for the company's Fashiontainment platform. Reporting to Pam Kaufman, Chief Entertainment Officer, Drew's role involves translating brand strategies into global revenue growth and cultural impact. She joins Gap Inc. from Paramount Global, bringing extensive experience in entertainment, consumer products, and brand building, including her work on "PAW Patrol" and acquiring IPs like "Teenage Mutant Ninja Turtles" and Garfield.
BMO Capital initiates Gap stock coverage at Market Perform on Old Navy concerns
BMO Capital has initiated coverage on Gap Inc. (NYSE:GAP) with a Market Perform rating and a $23.00 price target, primarily due to concerns about the performance of its Old Navy brand. While other analysts like UBS, Morgan Stanley, and Wells Fargo have expressed more positive outlooks for Gap, BMO Capital suggests waiting for improved execution at Old Navy before assigning value to positive momentum in other Gap brands or future earnings projections. The stock currently trades at $22.38 and has a P/E ratio of 6.8, appearing undervalued relative to its Fair Value according to InvestingPro analysis.
Fisher Robert J Reports 6.01M Gap Inc. Shares in Dual Code-J Transactions on September 2, 2026
Fisher Robert J disclosed two Code-J transactions on September 2, 2026, involving 6,008,178 shares of Gap Inc. at $0 per share. These transactions resulted in his total ownership increasing to 12,666,366 shares. The disclosure provides transparency into his shareholding activities following these specific trades.
Gap Taps New Old Navy CEO to Turn Around Sluggish Sales
Gap Inc. has appointed retail veteran Michael Francis as the new President and CEO of Old Navy, effective November 2, to address declining sales. This change follows Old Navy's 4% year-over-year net sales drop in Q2, which significantly impacted Gap's overall revenue, despite strong performance in its namesake brand. Investors are looking for Francis to leverage his turnaround experience to boost Old Navy's sales and ensure profitability, especially heading into the crucial holiday season.
Gap Inc. to Participate in the Goldman Sachs Global Consumer & Retail Conference
Gap Inc. announced that its President and CEO, Richard Dickson, will participate in a fireside chat at the Goldman Sachs Global Consumer & Retail Conference on September 14, 2026. A live webcast and replay of the event will be available on the company's investor relations website. The announcement also included standard forward-looking statements and company information about Gap Inc. and its brands.
Jupiter Topco LLC Buys Shares of 107,866 The Gap, Inc. $GAP
Jupiter Topco LLC recently acquired 107,866 shares of The Gap, Inc. worth approximately $2.02 million, contributing to institutional investors owning 58.81% of the company. Despite cautious Wall Street sentiment with an average "Hold" rating and a $27.36 price target, Gap exceeded EPS expectations but saw revenue decline. The company also declared a quarterly dividend of $0.175 per share, yielding 3.1%.
The Gap, Inc. (NYSE:GAP) Given Consensus Rating of "Hold" by Analysts
Analysts have given The Gap, Inc. (NYSE:GAP) a consensus "Hold" rating, with an average 12-month price target of $27.36. This comes as the company exceeded quarterly EPS expectations ($0.52 vs. $0.48) but missed revenue estimates, reporting $3.65 billion, a 2% year-over-year decline. Gap also declared a quarterly dividend of $0.175, resulting in an annual yield of 3.2%, and institutional investors hold 58.81% of its outstanding shares.
Gap, FIT and BroSis Partner to Expand Creative Learning and Career Exploration for New York City Youth
Gap Inc. has partnered with the Fashion Institute of Technology (FIT) and The Brotherhood Sister Sol (BroSis) to launch the Future Creators Program, an initiative aimed at providing New York City youth with access to creative learning and career exploration in the fashion industry. The six-week program connected 50 students with industry leaders, allowing them to develop skills in fashion design, fine arts, and digital photography. This collaboration seeks to bridge opportunity gaps and inspire the next generation of creators by offering hands-on experience and insights into the creative processes behind a global fashion brand.
Gap Sales Surge as Old Navy Reshapes Canadian Store Network
Gap Inc. is experiencing varied performance across its brands, with Gap comparable sales up 10% while Old Navy saw a 4% decline due to issues with women's summer merchandise and pricing. Old Navy is actively adjusting its Canadian store network, closing some prominent locations while opening new ones and investing in initiatives like Old Navy Sport and Old Navy Beauty Co. The company is also undergoing a leadership change at Old Navy and expects overall sales and profit growth for the year.
Gap Introduces The GapBag Collection Designed by Reed Krakoff
Gap is launching its first-ever handbag collection, "The GapBag Collection," designed by Gap Inc.'s Executive Director of Accessories, Reed Krakoff. The collection reinterprets classic Gap designs like five-pocket denim and the Arch Logo hoodie into five new silhouettes, aiming to offer elevated design at accessible prices. Priced from $29.95 to $148 (with a limited edition for $498), the collection will be available on gap.com starting September 8, 2026, and in select stores globally, with a New York Fashion Week pop-up event from September 10-13 at Rockefeller Center.
Beacon Pointe Advisors LLC Invests $887,000 in The Gap, Inc. $GAP
Beacon Pointe Advisors LLC has acquired a new stake in The Gap, Inc. (NYSE:GAP) during the second quarter, purchasing 47,464 shares valued at approximately $887,000. Other institutional investors also bought or sold shares, with institutional ownership of Gap stock currently standing at 58.81%. The company reported quarterly EPS of $0.52, beating estimates, and maintained its fiscal 2026 EPS guidance, while also announcing a quarterly dividend.
Gap Inc. Sales Slip in Q2, Old Navy Has Change in Command
Gap Inc. reported a 2 percent sales decline in Q2 after 10 consecutive quarters of gains, primarily due to fashion misses at Old Navy. Despite the sales dip, the company's operating income more than doubled, and it raised its earnings per share outlook for 2026. Michael Francis will take over as President and CEO of Old Navy in November as part of a planned transition.
Gap Inc. (GAP) Soars 12.9% on Q2 Profits, New Old Navy CEO; More Hedge Funds Buy In
Gap Inc. (GAP) saw its share price jump by 12.94% after announcing Michael Francis as the new CEO of Old Navy, effective November 2, 2026. This positive investor reaction was also fueled by the company's strong Q2 profits, with net income more than doubling to $501 million. Despite a slight dip in net sales, several investment companies raised their price targets for GAP, and more hedge funds established positions in the stock, albeit with some caution regarding long-term growth.
Must Read: CFDA Reveals 2026 Scholarship Fund Winners, Gap Inc. Sees Sales Decline Amid Old Navy Leadership Change
The article highlights several key fashion industry updates, including the CFDA's announcement of its 2026 scholarship winners on the program's 30th anniversary. It also reports on Gap Inc.'s 2% sales decline in Q2, primarily due to Old Navy's performance, alongside a leadership change at the brand. Additionally, Ulta Beauty has raised its full-year sales outlook after an 8.9% increase in Q2 net sales, while the "Romantasy" literary genre is catching the eye of luxury fashion brands, and lip-care brand Maed is expanding its presence in Sephora without outside investment.
Gap Inc. (GAP) CEO settles 226K RSUs, pays taxes in stock
Gap Inc.'s President & CEO, Richard Dickson, converted 226,151 restricted stock units (RSUs) into common stock on August 22, 2026. A total of 122,007 common shares were subsequently withheld or delivered at $19.80 per share to cover exercise prices or tax liabilities. These RSUs were originally granted in August 2023 under two different vesting schedules.
Gigi Perez Brings an Intimate Encore Performance to NYFW
Singer-songwriter Gigi Perez is set to perform an intimate concert at the Cherry Lane Theatre in Greenwich Village on September 14, during New York Fashion Week. The event, "Encore After Hours," is presented by Rolling Stone and Gap Inc.’s Encore membership program, offering select members and cardholders an exclusive evening of fashion, music, and culture. Perez will also participate in a conversation about the relationship between music and fashion with Rolling Stone's Julyssa Lopez, following remarks by Gap Inc. executive VP & Creative Director Zac Posen.
Dillard's Stock Rises 11.4% in 3 Months: Is It Time to Buy or Wait?
Dillard's (DDS) stock has increased by 11.4% in the last three months, outperforming its industry, the S&P 500, and the Retail-Wholesale sector, driven by strong sales, margins, and a disciplined growth strategy. The company's performance is attributed to differentiated merchandise, omnichannel capabilities, and tight inventory control, although its current valuation suggests a cautious outlook despite solid fundamentals. Investors are advised to monitor consumer trends and margin sustainability due to the stock's premium valuation.
Gap Inc.’s Encore program takes over New York Fashion Week
Gap Inc.'s Encore membership program is set to take over New York Fashion Week from September 9-14, offering members exclusive access to shows, atelier tours, and other fashion and entertainment experiences. The activation will culminate in "Encore After Hours" hosted by Gap Inc.'s creative director Zac Posen. This initiative highlights Encore's focus on providing unique cultural moments and experiences beyond traditional rewards for its cross-brand members.
Gap Inc.’s Encore program takes over New York Fashion Week
Gap Inc.'s Encore membership program will be taking over New York Fashion Week from September 9-14, offering members exclusive access to fashion shows, atelier tours, and a daytime dance party. The activation will conclude with an "Encore After Hours" event hosted by Zac Posen and Rolling Stone, featuring special guests and a live performance. This initiative aims to provide members with unique cultural experiences beyond traditional rewards, building on the cross-brand program launched in February.
Gap Inc. to go big with ‘takeover’ of New York Fashion Week
Gap Inc. is orchestrating a six-day "takeover" of New York Fashion Week from September 9-14, exclusively for members of its Encore loyalty program. This initiative will offer members unique experiences such as runway shows, designer interactions, and live music, culminating in an "Encore After Hours" event hosted by Zac Posen. The move is part of Gap Inc.'s "fashiontainment" strategy, aiming to provide members with exclusive cultural moments beyond traditional rewards.
Gap Inc. will host a six-day New York Fashion Week event through its Encore membership program, offering exclusive experiences to members.
Gap Inc. is set to host a six-day New York Fashion Week event from September 9-14 as part of its Encore membership program. This initiative will grant members exclusive access to runway shows, designer experiences, live music, and various events across New York City. The aim is to provide unique cultural "Fashiontainment" experiences beyond standard retail rewards for Encore members.
Gap's Encore members can unlock runway shows and a Gigi Perez performance during Fashion Week
Gap Inc.'s Encore membership program is taking over New York Fashion Week for six days, from September 9–14, offering members exclusive access to runway shows, designer experiences, live music, and events. The initiative, spanning Old Navy, Gap, Banana Republic, and Athleta, will culminate in an "Encore After Hours" event featuring Gigi Perez at the Cherry Lane Theatre. With nearly 40 million active members, Encore aims to provide unique cultural and fashion experiences that are typically inaccessible to the public.
