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GPS Gap

Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags and fragrances. The Athleta segment offers fitness apparel for women. The Intermix segment features styles from various designers. The company founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.

Company profile

Ticker
GPS
Exchange
Website
CEO
Sonia Syngal
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
941697231

GPS stock data

(
)

Calendar

25 Nov 20
2 Mar 21
30 Jan 22
Quarter (USD)
Oct 20 Aug 20 May 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 19 Feb 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Gap earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.5B 2.5B 2.5B 2.5B 2.5B 2.5B
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 64.58M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 261.1M n/a n/a
Cash remaining n/a n/a n/a 2.24B n/a n/a
Runway (months of cash) n/a n/a n/a 34.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Feb 21 Nancy Green Common Stock Sell Dispose S No Yes 25 3,334 83.35K 69,359
16 Feb 21 Breitbard Mark Common Stock Sell Dispose S No Yes 23.29 6,948 161.82K 45,535
11 Feb 21 Nancy Green Common Stock Sell Dispose S No Yes 23 15,400 354.2K 72,693
4 Feb 21 O'Neill Chris Common Stock Grant Aquire A No No 0 5,458 0 5,458
4 Feb 21 O'Neill Chris Stock Units Common Stock Option exercise Dispose M No No 0 4,985 0 23,556
4 Feb 21 O'Neill Chris Dividend Equivalent Rights Common Stock Option exercise Dispose M No No 0 473.354 0 739.833
1 Feb 21 Curran Shawn Common Stock Sell Dispose S No Yes 20.26 7,562 153.21K 36,186.655
51.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 382 335 +14.0%
Opened positions 90 55 +63.6%
Closed positions 43 90 -52.2%
Increased positions 99 90 +10.0%
Reduced positions 131 125 +4.8%
13F shares
Current Prev Q Change
Total value 3.9B 3.52B +10.8%
Total shares 192.98M 206.63M -6.6%
Total puts 14.09M 11.15M +26.4%
Total calls 14.04M 17.42M -19.4%
Total put/call ratio 1.0 0.6 +56.8%
Largest owners
Shares Value Change
Vanguard 26.12M $527.45M -0.4%
Dodge & Cox 25.31M $511.07M -5.3%
BLK Blackrock 12.29M $248.19M -23.3%
JPM JPMorgan Chase & Co. 7.9M $159.45M -2.7%
STT State Street 7.42M $149.76M -4.7%
Coatue Management 7.39M $149.28M +44.7%
Two Sigma Investments 7M $141.31M +46.9%
Parnassus Investments 6.1M $123.16M -12.5%
Two Sigma Advisers 5.95M $120.17M +192.6%
Alliancebernstein 4.97M $100.32M -23.3%
Largest transactions
Shares Bought/sold Change
GS Goldman Sachs 1.37M -5.66M -80.5%
Suvretta Capital Management 0 -5.65M EXIT
Two Sigma Advisers 5.95M +3.92M +192.6%
BLK Blackrock 12.29M -3.74M -23.3%
Holocene Advisors 3M +3M NEW
Arrowstreet Capital, Limited Partnership 2.92M +2.63M +884.0%
Coatue Management 7.39M +2.28M +44.7%
Lazard Asset Management 0 -2.27M EXIT
Two Sigma Investments 7M +2.24M +46.9%
Citadel Advisors 1.5M -2.09M -58.3%

Financial report summary

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Risks
  • We must successfully gauge apparel trends and changing consumer preferences to succeed.
  • Our business is highly competitive.
  • Global economic conditions and any related impact on consumer spending patterns could adversely impact our results of operations.
  • We may engage in or seek to engage in strategic transactions, such as acquisitions and dispositions, that are subject to various risks and uncertainties, which could disrupt or adversely affect our businesses.
  • We must maintain our reputation and brand image.
  • Our failure to manage key executive succession and retention and to continue to attract qualified personnel could have an adverse impact on our results of operations.
  • Our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate.
  • If we are unable to manage our inventory effectively, our gross margins could be adversely affected.
  • Our business is subject to risks associated with global sourcing and manufacturing.
  • We are subject to data and security risks, which could have an adverse effect on our results of operations and consumer confidence in our security measures.
  • Failures of, or updates or changes to, our IT systems may disrupt operations.
  • Our efforts to expand internationally may not be successful.
  • The market for real estate is competitive.
  • Risks associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct, could harm our business.
  • Our franchise business is subject to certain risks not directly within our control that could impair the value of our brands.
  • Trade matters may disrupt our supply chain.
  • Our business is exposed to the risks of foreign currency exchange rate fluctuations and our hedging strategies may not be effective in mitigating those risks.
  • We experience fluctuations in our comparable sales and margins.
  • Changes in our credit profile or deterioration in market conditions may limit our access to the capital markets and adversely impact our financial position or our business initiatives.
  • Changes in the regulatory or administrative landscape could adversely affect our financial condition and results of operations.
  • Our results could be adversely affected by natural disasters, public health crises, political crises, negative global climate patterns, or other catastrophic events.
  • Reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards could adversely affect our operating results and cash flows.
  • We are subject to various proceedings, lawsuits, disputes, and claims from time to time, which could adversely affect our business, financial condition, and results of operations.
Management Discussion
  • See Note 2 and Note 10 of Notes to Condensed Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q, for net sales disaggregation.
  • Comp Sales include the results of Company-operated stores and sales through online channels. The calculation of Gap Inc. Comp Sales includes the results of Intermix, Janie and Jack, and Hill City, but excludes the results of our franchise business.
  • A store is included in the Comp Sales calculations when it has been open and operated by the Company for at least one year and the selling square footage has not changed by 15 percent or more within the past year. A store is included in the Comp Sales calculations on the first day it has comparable prior year sales. Stores in which the selling square footage has changed by 15 percent or more as a result of a remodel, expansion, or reduction are excluded from the Comp Sales calculations until the first day they have comparable prior year sales.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
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Removed: anticipated, evaluating, foundation, immaterial, paper, retailer, revitalization, warrant