GAP Q1 2023 Earnings — The Gap, Inc. Revenue & Financial Results | Market Cap Arena

GAPThe Gap, Inc.

$9B

Q1 2023 Earnings

Consumer Cyclical Apparel - Retail

Income Statement

Revenue

$3.3B-5.8% YoY

Gross Profit

$1.2B37.1% margin

Operating Income

-$10M-0.3% margin

Net Income

-$18M-0.5% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

-22.8%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

-$102M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$10.9B

Total Liabilities

$8.7B

Stockholders' Equity

$2.2B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.5B	-5.8%
Gross Profit	$1.2B	$1.1B	+10.8%
Operating Income	-$10M	-$197M	+94.9%
Net Income	-$18M	-$162M	+88.9%