Gap’s next earnings report date is Wednesday, Aug. 24, 2022, for the fiscal quarter that ends July 31, 2022. Currently, 16 analysts expect the company to earn $0.18 per share in its next quarterly report. However, the company’s next quarterly EPS has undergone 0 upward revisions in the past one month. However, this doesn’t mean the company is in a panic, and investors can still expect to see a positive quarter for the company.
In the third quarter, Gap’s same-store sales were down 3%. That’s below analysts’ estimates of a 30% increase. It also fell short of Gap’s own expectations. Its main growth engine, Old Navy, has been slowing down. Gap has made significant investments in the brand in the past several quarters, including overhauling its plus-size apparel line. Despite the slowdown in the plus-size line, same-store sales in its other businesses were up 3%. This is a big deal, but the slowdown at Old Navy has been a larger drag on the Gap business.