|Bid||12.32 x 4000|
|Ask||12.50 x 4000|
|Day's range||11.56 - 12.45|
|52-week range||5.26 - 19.86|
|Beta (5Y monthly)||1.51|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||06 Apr 2021|
|1y target est||N/A|
Gap Inc. (NYSE: GPS) today announced it has launched a B2B product program focused on offering large organizations high-quality reusable, non-medical grade cloth face masks* to supply to their employees as they welcome them back to work.
Kanye West, a multi-industry creative entrepreneur, is poised to disrupt retail by bringing his YEEZY brand to millions of customers around the world through a partnership announced today with the iconic and globally recognized Gap brand. The YEEZY Gap line is expected to appear in Gap stores and Gap.com in 2021.
Gap Inc. (NYSE: GPS), the largest specialty apparel company and second largest apparel e-commerce business in the U.S., which operates a portfolio of lifestyle brands, including Old Navy, Gap, Athleta and Banana Republic, reported its financial results for the first quarter of fiscal year 2020, ending May 2.
Gap Inc. (NYSE: GPS) will report its first quarter 2020 earnings results by press release on June 4, 2020 at 1:15 p.m. Pacific Time.
Gap Inc. (NYSE: GPS) will hold the company’s Annual Meeting of Shareholders in a virtual-only format due to the heightened concerns around the COVID-19 pandemic and the current shelter-in-place order in California. The meeting will be held on May 19, 2020 beginning at 10:00 a.m. Pacific Time at www.virtualshareholdermeeting.com/GAP2020. A webcast replay will be available through www.gapinc.com for at least 30 days following the meeting.
Old Navy has been clothing American families since 1994, and recognizes that the need to serve families has never been greater. The COVID-19 crisis has left many Americans struggling to provide basic necessities for their families. In response, Old Navy is donating over $30 million of clothing to American families in need.
Today, children’s fashion brand Janie and Jack debuts its ‘Think Pink’ campaign to launch their new collection that supports breast cancer research and women diagnosed with the disease. The Think Pink Collection benefits The Pink Agenda, a nonprofit committed to raising money for breast cancer research and granting wishes through FAB-U-WISH™, an initiative established by breast cancer survivor and TV personality Giuliana Rancic, which helps women undergoing treatment feel their best. Inspired by stories within the company, Janie and Jack has partnered with a team of survivors and activists to launch the campaign. In addition to Janie and Jack employees and customers, Tamera Mowry-Housley, who lost her grandmother to breast cancer last year, joins the campaign to amplify the charitable partnership. The campaign shares their experiences with breast cancer in an effort to inspire hope and educate on preventative measures. Janie and Jack and The Pink Agenda will grant wishes across the country through FAB-U-WISH to recognize deserving moms and their inspiring breast cancer fight. To further support the cause, from May 10th through June 21st, 2020, the Janie and Jack Think Pink collection will donate 25% of sales to The Pink Agenda and FAB-U-WISH and collect donations from customers at checkout, with a minimum donation of $250,000.*
Gap Inc. (NYSE: GPS) today announced it has closed its previously announced offering of $2.250 billion of senior secured notes and that it has entered into an asset-based revolving credit facility with an initial aggregate principal amount of $1.868 billion. The company also announced it has repaid the outstanding $500 million borrowed under its prior revolving credit facility, and no amounts were borrowed at close under the asset-based revolving credit facility.
Gap Inc. (NYSE: GPS) today announced it has appointed global licensing leader IMG as its first ever multi-brand, exclusive licensing representative. Through this partnership, IMG will deliver cross-category product extensions that increase existing consumer touchpoints while engaging with and introducing new audiences around the world to Gap Inc.’s beloved and trusted portfolio of brands.
Gap Inc. (NYSE: GPS) today announced it priced an offering (the "Offering") of $500 million aggregate principal amount of its 8.375% Senior Secured Notes due 2023 (the "2023 Notes"), $750 million aggregate principal amount of its 8.625% Senior Secured Notes due 2025 (the "2025 Notes") and $1 billion aggregate principal amount of its 8.875% Senior Secured Notes due 2027 (the "2027 Notes" and, with the 2023 Notes and the 2025 Notes, the "Notes"), each at an offering price of 100% of the principal amount thereof. We intend to use the net proceeds from the sale of the Notes to refinance our 5.95% notes due April 2021, refinance all outstanding amounts under our existing $500 million, five-year, unsecured revolving credit facility, which is scheduled to expire in May 2023, pay fees and expenses of the offering, and for general corporate purposes. The closing of the offering of the Notes is expected to occur on or about May 7, 2020, and is contingent on, and expected to occur simultaneously with, an amendment, modification, replacement, or refinancing with lenders under our existing revolving credit facility, which may include our entering into an amended and restated senior secured asset-based revolving credit facility in an initial aggregate principal amount of up to $2 billion (the "ABL Credit Facility"), subject to the satisfaction of other customary conditions.
Gap Inc. (NYSE: GPS) today announced that Chief Financial Officer Katrina O’Connell will participate in an investor conference call sponsored by Baird on Thursday, April 9, 2020 at 1:00 p.m. Pacific Time to discuss actions the company is taking in response to the COVID-19 crisis.
Gap Inc. (NYSE: GPS) today announced that, while eager to reopen its company-operated North American and European stores, the company anticipates the closures to extend past the previously announced April 1 date, as a result of continued measures to help slow the spread of COVID-19.
Gap Inc. (NYSE: GPS) today announced a number of precautionary actions to strengthen financial flexibility in response to the rapidly evolving impact of the COVID-19 pandemic.
Gap Inc. (NYSE: GPS) today announced that, as a result of the escalating COVID-19 pandemic, it will temporarily close its Old Navy, Athleta, Banana Republic, Gap, Janie and Jack and Intermix stores across North America, effective March 19.
Gap Inc. (NYSE: GPS) today announced that, as a result of the evolving COVID-19 pandemic, it has temporarily reduced store hours for all of its stores across the US and Canada. Beginning Monday, March 16, the company will operate the following times, with further reductions in some locations*:
Gap Inc. (NYSE: GPS) today reported fourth quarter and fiscal year 2019 results, provided guidance for fiscal year 2020, and announced certain leadership changes.
Gap Inc. (NYSE: GPS) today announced that its Board of Directors has named Sonia Syngal, an accomplished retail leader and CEO of the portfolio’s Old Navy business since 2016, as the company’s next chief executive officer, effective March 23. She will also join the Gap Inc. Board of Directors. As Gap Inc.’s new CEO, Syngal’s top priority will be strengthening the performance of the portfolio.
This International Women’s Day, in celebration of the 100th anniversary of the 19th amendment, INTERMIX is partnering with Sophia Bush and Rock the Vote to stand up for equal representation and encourage women to vote. Launching today, text the word INTERMIX to 788-683, go to intermixonline.com, or visit any of their 32 boutiques to register to vote. This campaign marks the first activation in 2020 by Gap Inc. and its brands to help raise awareness about the importance of registering and voting, with additional engagement moments planned this year.
Gap Inc. (NYSE: GPS) today announced its board of directors authorized a first quarter fiscal year 2020 dividend of $0.2425 per share, payable on or after April 29, 2020 to shareholders of record at the close of business on April 8, 2020.