Gap Inc. Reports First Quarter Results
*First quarter comparable sales increased 28% year-over year, and 13% versus 2019 *Net sales of $4 billion were up 89% versus 2020 and up 8% compared to 2019 pre-COVID levels *Reported earnings per share for the quarter were $0.43, and $0.48 on an adjusted basis *Reported Operating Margin of 6.0% with Adjusted Operating Margin of 7.4% *Company raising full year outlook for sales, operating margin, and earnings per share *Sales growth up low-to mid-twenty percent range versus 2020