Gap Inc. To Change Ticker Symbol to "GAP" on August 22; To Report Second Quarter Fiscal 2024 Results on August 29
Rhea-AI Summary
Gap Inc. (NYSE: GPS) announced it will change its ticker symbol from "GPS" to "GAP" on August 22, 2024, coinciding with the company's 55th anniversary. The change reflects the company's reinvigoration journey and its iconic American brand status. On the same day, Gap Inc. team members will ring the NYSE Opening Bell, and the trading floor will be dressed in Gap Denim and 1969 sweatshirts, reminiscent of the company's 1987 Casual Friday event at the NYSE.
Additionally, Gap Inc. will report its second quarter fiscal 2024 financial results on August 29, 2024, at approximately 1:15 p.m. Pacific Time. A conference call to review the results will follow at 2:00 p.m. Pacific Time, with a live webcast available on the company's investor relations website.
Positive
- Ticker symbol change aligns with company's 55th anniversary, potentially increasing brand visibility
- Symbolic NYSE Opening Bell ringing event may generate positive media attention
Negative
- None.
News Market Reaction – GPS
On the day this news was published, GPS gained 3.85%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Updating our NYSE ticker symbol to GAP on our 55th anniversary recognizes both an important milestone and the reinvigoration journey we're on - inspired by our past, engaged in the present, and eager to shape the exciting evolution of our house of iconic American brands," said Gap Inc. President and Chief Executive Officer, Richard Dickson.
On August 22, the same day that the original Gap store opened on Ocean Avenue in
No action by the company's shareholders is required regarding the ticker symbol change. The company's common stock will continue to be listed on the NYSE and its CUSIP number will remain unchanged.
Webcast and Conference Call Information
The company also announced that it will report its second quarter fiscal 2024 financial results by press release on August 29, 2024, at approximately 1:15 p.m. Pacific Time.
In addition, the company will host a conference call to review its second quarter fiscal 2024 results on Thursday, August 29, 2024, beginning at approximately 2:00 p.m. Pacific Time.
A live webcast of the conference call will be available online at investors.gapinc.com. A replay of the webcast will be available at the same location.
About Gap Inc.
Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were
Investor Relations Contact:
Nina
Investor_relations@gap.com
Media Relations Contact:
Megan Foote
Press@gap.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/gap-inc-to-change-ticker-symbol-to-gap-on-august-22-to-report-second-quarter-fiscal-2024-results-on-august-29-302218082.html
SOURCE Gap Inc.
FAQ
When will Gap Inc. (GPS) change its ticker symbol to GAP?
What is the significance of the August 22 date for Gap Inc.'s ticker change?
When will Gap Inc. (GPS) report its Q2 fiscal 2024 financial results?
How can investors access Gap Inc.'s Q2 fiscal 2024 earnings call?
