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BUZZ-Gap down after annual adjusted profit forecast below estimates

Reuters
Mar 06
BUZZ-<a href="https://laohu8.com/S/GAP">Gap</a> down after annual adjusted profit forecast below estimates

** Shares of apparel maker Gap GAP.N down 8% at $24.95 after the bell

** Co forecasts annual adjusted profit below estimates amid tariff driven margin pressure

** Expects fiscal 2026 adjusted profit per share between $2.20 to $2.35, mid point of which is below analysts' estimates of $2.32- as per LSEG data

** Co sees 200 basis points impact from import tariffs in U.S. on Q1 gross margins

** Co reports Q4 same-store sales growth of 3%, falling short of estimates of a 3.08% rise

** GAP was up 8.3% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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