American retailer Gap Inc. has reported net sales of $3.5 billion in the first quarter of fiscal 2025, up 2 per cent year-over-year, with 2 per cent growth in comparable sales and a 6 per cent rise in online sales, which made up 39 per cent of total sales.
Net income reached $193 million, with EPS at $0.51.
Gross margin rose to 41.8 per cent.