HighGravityDataGap — May 28, 2026 release
Fiscal 2027 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-26-038825
Showing in the filing
Dividend per share
“$0.175 per share”
Period
Q2 FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 19
Dividend per share for Q2 FY2026
“$0.175 per share”
Fiscal 2026 dividend for Q2 FY2026
“$0.175 per share”
Net tariff relief to gross profit and operat… for FY2026
“approximately $80 million”
Benefit to gross margin and operating margin… for FY2026
“approximately 50 basis points”
Diluted earnings per share (reported basis) for FY2026
“approximately $2.83 to $2.93”
Operating expense (reported basis) for FY2026
“leverage”
Net sales for FY2026
“Up 1% to 2% year-over-year”
Gross margin for FY2026
“Flat to up slightly year-over-year”
Adjusted operating expense (% of net sales) for FY2026
“About flat year-over-year”
Adjusted operating margin for FY2026
“About 7.3% to 7.5%”
Net interest income for FY2026
“Approximately $25 million”
Effective tax rate for FY2026
“Approximately 25%”
Diluted weighted average share count for FY2026
“Approximately 375 million”
Adjusted diluted earnings per share for FY2026
“Approximately $2.30 to $2.40”
Capital expenditures for FY2026
“Approximately $650 million”
Net store closures for FY2026
“About flat”
Net sales for Q2 FY2026
“Flat to down 1% year-over-year”
Gross margin for Q2 FY2026
“Flat to down 50 basis points”
Operating expense (% of net sales) for Q2 FY2026
“Deleverage approximately 110 basis points to 120 basis points”
Exhibit 99.1 · the passage around this item
… earlier in the release
◦ Following these actions, the Company has $599 million remaining under its existing share repurchase authorization. • Dividends : ◦ Paid $63 million in dividends during the first quarter of fiscal 2026, reflecting a quarterly dividend of $0.175 per share, up 6% from the prior year. ◦ The Company’s Board of Directors approved a second quarter fiscal 2026 dividend of $0.175 per share. Additional information regarding adjusted operating expenses, adjusted operating expense as a percent of net sales, adjusted operating income, adjusted operating margin, adjusted net income, adjusted diluted earnings per share and free cash flow, which are non-GAAP financial measures, is provided at the end of this press release along with reconciliations of these measures from the most directly comparable GAAP financial measures for the applicable period. First Quarter Fiscal 2026 – Global Brand Results Comparable Sales: Q1 2026 Q1 2025 Old Navy 1 % 3 % Gap 10 % 5 % Banana Republic 2 % — % Athleta (11) % (8) % Gap Inc. 2 % 2 % Old Navy: • First quarter net sales of $2.0 billion were up 1% compared to last year. Comparable sales were up 1%. Old Navy continued to win in strategic categories, including denim, active, and kids and baby, while customer response to women's dresses was weaker. Gap: • First quarter net sales of $796 million were up 10% compared to last year. Comparable sales were up 10%. Gap continued to demonstrate culturally relevan
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.