U.S. Movers: Gap, Intuit, Ross Stores

Scott Peters
20 Nov, 2025
New York City

 

Gap Inc. rose 5.4% to $24.32 after the company's fiscal third-quarter results surpassed market expectations. 

Revenue in the quarter ending in October increased 3% to $3.9 billion from $3.8 billion, net income decreased $236 million from $274 million, and diluted earnings per share eased to 62 cents from 72 cents a year ago. 

Comparable sales increased 5% from a year ago, driven by a 3% rise in store sales and a 2% jump in online sales, which accounted for 40% of total sales in the quarter. 

Comparable sales for the Old Navy brand rose 6%, Gap advanced 7%, Banana Republic jumped 4%, and Athleta dropped 11%. 

The specialty apparel retailer tightened its fiscal 2025 sales outlook range to between 1.7% and 2%, compared to the previous estimate of between 1.0% and 2.0%. 

Despite the sharp surge in tariffs, merchandise margin decreased 70 basis points from a year ago, inclusive of an estimated net tariff impact of 190 basis points. 

Gap estimated operating margin to rise to 7.2%, compared to the previous estimated range between 6.7% and 7.0%, including an estimated 100 to 110 basis points of net tariff impact. 

Ross Stores increased 2.5% to $164.55 after the company announced its fiscal third-quarter results. 

Revenue increased 10% to $5.6 billion from $5.1 billion, net income advanced $511.9 million from $488.8 million, and diluted earnings per share rose to $1.58 from $1.48.

Comparable store sales in the quarter increased 7% from a year ago, largely because of higher prices and increased store traffic. 

The company said it repurchased 1.7 million shares for $262 million in the third quarter, and it is on track to buy back $1.05 billion of stock in fiscal year 2025.

The retailer revised the higher comparable store sales estimate to between 3% and 4% and diluted earnings per share in the range of $1.77 to $1.85. 

In addition, the company said tariff-related costs "to be negligible in the fourth quarter." 

“Based on our year-to-date results and updated fourth-quarter forecast, we are increasing our earnings per share guidance for fiscal 2025 to be in the range of $6.38 to $6.46, which includes approximately $0.16 per share negative impact from tariff-related costs. 

In addition, and as a reminder, the 2024 fourth-quarter and full-year earnings per share of $1.79 and $6.32, respectively, included an approximate $0.14 earnings per share benefit related to the sale of a packaway facility,” said CEO Jim Conroy in a statement released to investors. 

Intuit Inc. increased 3.3% to $658.0, and the software company delivered better-than-expected results in the fiscal first quarter ending in October.  

Revenue increased 18% to $3.9 billion from $3.3 billion, net income rose to $446 million from $167 million, and diluted earnings per share rose to $1.60 from 70 cents. 

The company guided full-year fiscal 2026 revenue to range between $21.0 billion and $21.2 billion, an increase between 12% and 13% from a year ago. 

Intuit estimated diluted earnings per share in the full year to range between $15.49 and $15.69, an increase between 14% and 15%.