Gap’s FY23 net sales declined by 5 per cent to $14.9 billion with a notable increase in gross margin to 38.8 per cent.
Despite a 2 per cent drop in comparable sales, the company achieved a net income of $502 million.
Q4 saw a 1 per cent rise in net sales to $4.3 billion, with a net income of $185 million and a gross margin improvement to 38.9 per cent.Gap’s FY23 net sales declined by 5 per cent to $14.9 billion with a notable increase in gross margin to 38.8 per cent.
Despite a 2 per cent drop in comparable sales, the company achieved a net income of $502 million.
Q4 saw a 1 per cent rise in net sales to $4.3 billion, with a net income of $185 million and a gross margin improvement to 38.9 per cent.
