Gap (GAP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended April 2026, Gap (GAP) reported revenue of $3.5 billion, up 1% over the same period last year. EPS came in at $0.38, compared to $0.51 in the year-ago quarter.The reported revenue represents a surprise of -0.81% over the Zacks Consensus Estimate of $3.53 billion. With the consensus EPS estimate being $0.39, the EPS surprise was -2.99%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Gap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Number of Store Locations - Company-operated stores: 2,477 versus 2,474 estimated by three analysts on average.Number of Store Locations - Athleta North America: 252 compared to the 252 average estimate based on three analysts.Number of Store Locations - Gap - Total: 587 versus 583 estimated by three analysts on average.Comparable Sales - Old Navy - YoY change: 1% versus the three-analyst average estimate of 3%.Number of Store Locations - Banana Republic - Total: 397 versus the three-analyst average estimate of 396.Comparable Sales - Gap - YoY change: 10% versus the three-analyst average estimate of 4.7%.Comparable Sales - YoY change: 2% compared to the 2.6% average estimate based on three analysts.Number of Store Locations - Old Navy North America: 1,241 versus the three-analyst average estimate of 1,242.Comparable Sales - Banana Republic - YoY change: 2% versus 3.8% estimated by three analysts on average.Net Sales- Gap Global- Total: $796 million compared to the $761.81 million average estimate based on three analysts. The reported number represents a change of +9.9% year over year.Net Sales- Banana Republic Global- Total: $431 million versus $435.42 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.7% change.Net Sales- Old Navy Global- Total: $2 billion versus $2.04 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.8% change.View all Key Company Metrics for Gap here>>>Shares of Gap have returned -0.9% over the past month versus the Zacks S&P 500 composite's +5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks