Gap inc. reports fourth quarter and fiscal 2023 results; provides fiscal 2024 outlook

Fourth quarter net sales increased with market share gains fourth quarter operating margin expansion reflects continued financial and operational rigor  full year operating cash flow of $1.5 billion; ended fiscal year with cash balance of $1.9 billion san francisco , march 7, 2024 /prnewswire/ -- gap inc. (nyse: gps), the largest specialty apparel company in the u.s., with a portfolio of brands including old navy, gap, banana republic, and athleta, today reported financial results for its fourth quarter and fiscal year ended february 3, 2024. "the fourth quarter exceeded expectations on several key metrics along with market share gains, reflecting improved trends at old navy and gap and strong continued progress on margins and cash flow," said gap inc. president and chief executive officer, richard dickson.
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