Gap reported Q1 FY24 net sales of $3.4 billion, up 3 per cent year-over-year.
Comparable sales also rose by 3 per cent.
Online sales grew 5 per cent, representing 38 per cent of total net sales.
Store sales increased by 3 per cent.
Gross margin improved to 41.2 per cent.
Operating income was $205 million, with a net income of $158 million.Gap reported Q1 FY24 net sales of $3.4 billion, up 3 per cent year-over-year.
Comparable sales also rose by 3 per cent.
Online sales grew 5 per cent, representing 38 per cent of total net sales.
Store sales increased by 3 per cent.
Gross margin improved to 41.2 per cent.
Operating income was $205 million, with a net income of $158 million.
American firm Gap’s sales up 3% to $3.4 bn in Q1 FY24
