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Rapper Tory Lanez has been accused of calling a YouTuber from jail and asking them to harass Megan Thee Stallion by making disparaging content about the Grammy-winning artist. In October 2024, renowned rapper Megan Pete, better known by her stage name Megan Thee Stallion, filed a lawsuit against YouTuber Milagro Gramz, real name Milagro Cooper. In her suit, she accused the influencer of creating a “public campaign to denigrate, belittle, insult, and spread false statements” about her court case against fellow artist Tory Lanez. Megan claimed that Lanez shot her in the foot after they left a party hosted by reality TV star Kylie Jenner in 2020. The ensuing legal battle found Lanez guilty of three felonies, and he’s currently working through a 10-year prison sentence as a result. Megan Thee Stallion’s attorneys say Tory Lanez harassed artist through YouTuber In December 2024, Megan’s attorneys updated their existing suit against Gramz after subpoenaing Lanez’s phone calls from prison, claiming that the jailed rapper is still trying to harass the ‘Hot Girl’ artist through the YouTuber. “[Cooper’s] false statements regarding the trial are part and parcel of a conspiratorial relationship with Peterson, in which [Cooper] acts as a paid surrogate used to spread Peterson’s lies about [Megan],” Megan’s lawyers wrote in a court filing. Megan’s lawyers argued that Gramz is “consciously coordinating with [Megan’s] convicted assaulter simply to amplify [Lanze’s] disproven and baseless theories to help him seek retribution against [Megan],” saying she “engages in extreme and outrageous conduct that has caused, and continues to cause, [Megan] severe emotional distress.” Related: Lanez has fired back at these accusations, with the rapper’s lawyer arguing that Megan and her legal team have a “consistent pattern of spinning narratives, manipulating facts, and misrepresenting the truth” against his client. “We are deeply concerned by the continued efforts to spin partial stories in an attempt to distort the truth and mislead the public,” he said, as per reports from TMZ. Since Lanez’s sentencing, Megan has gone on to dominate the rap game once again, proving her Hot Girl status with bangers like BOA — where she cosplayed the One Piece character of the same name, as well as other famous characters — and released her 2024 album Megan: Act II.The "Marvel Clash" event proved to be a huge success, with players raving about the innovative gameplay, camaraderie, and fun they experienced throughout the day. Teams were challenged to work together, strategize, and communicate effectively in order to emerge victorious, fostering a sense of unity and teamwork among participants.
Moreover, this partnership between ByteDance and Peking University highlights the importance of collaboration between corporate entities and educational institutions in safeguarding and promoting cultural heritage. By working together, companies and academic institutions can leverage their resources and expertise to preserve and disseminate valuable cultural artifacts for the benefit of current and future generations.5 Best Phones Under Rs 40,000 With 4K Recording In Front Camera
In the rapidly evolving field of computational social science, few individuals have achieved the remarkable balance of technical brilliance and impactful research as Rahul Arulkumaran. With a sterling academic background and a portfolio of groundbreaking contributions, Rahul has carved a niche for himself, particularly in analyzing social networks and combating the menace of online radicalization. His pivotal work, "Understanding User Vulnerability Towards Radicalization on Twitter," presented at the prestigious IC2S2 conference in Amsterdam, underscores his profound impact on addressing critical societal challenges. Rahul's journey began at Mahindra École Centrale, Hyderabad, where he pursued a Bachelor of Technology in Computer Science Engineering. Here, he showcased his leadership as the head of "Enigma," the institution's computer science club. His early exposure to computational problem-solving laid the groundwork for his future endeavors. Later, he honed his expertise in data science at the University at Buffalo (SUNY Buffalo), solidifying his knowledge in artificial intelligence, machine learning, and blockchain technologies. Throughout his professional career, Rahul has donned various hats—AI/ML Engineer, Data Scientist, and Co-founder—demonstrating his versatility and commitment to innovation. Whether it was architecting AI solutions at Foundry, co-founding NFT Garage to revolutionize decentralized applications, or pioneering DeFi solutions at SpiritSwap, Rahul's contributions have consistently translated into tangible outcomes. The IC2S2 Paper: Analyzing Vulnerability and Radicalization At the heart of Rahul's scholarly acclaim is his IC2S2 paper, co-authored with esteemed collaborators. The research delves into the increasingly concerning issue of online radicalization—a phenomenon where extremist groups exploit social media platforms to propagate ideologies and recruit vulnerable individuals. Rahul's approach to this multifaceted challenge was both methodical and innovative. The study aimed to classify Twitter users into distinct categories: Vulnerable, Inert, Activists, and Radicals. Vulnerable users, identified as those susceptible to radical influence, are at the crux of the study. Using an extensive dataset derived from Twitter, Rahul and his team analyzed user interactions across a massive network comprising over 204 million nodes. Their research employed graph theory metrics to model and assess user lethality, connectedness, and susceptibility. The manual annotation of 500 high-ranking accounts within the radicalization network provided critical ground truth data. Employing a Naive Bayes classifier, Rahul and his team achieved commendable precision and recall scores, peaking at 0.71 and 0.68, respectively. This early-stage classifier demonstrated promising potential in identifying vulnerable users, even amidst the challenges of sparse datasets for inert accounts. One of the standout aspects of Rahul's research was the development of novel metrics such as Lethal Connectedness, Vulnerability Connectedness, and Weighted Closeness. These metrics quantified the degree of radical influence and the proximity of potential targets to radical networks. By incorporating content-based features using advanced natural language processing tools like the Stanford NLP library, Rahul ensured the robustness and adaptability of the classifier. The study's findings are not merely academic but carry profound implications for mitigating online radicalization. By identifying users at risk, policymakers and social media platforms can implement targeted interventions, thereby fostering a safer digital environment. Rahul's IC2S2 paper exemplifies the intersection of technology and social responsibility. It addresses a pressing global issue, demonstrating the role of computational science in combating extremism. The methodology and insights derived from this research can be adapted to various domains, including misinformation campaigns, cyberbullying, and political polarization. Furthermore, Rahul's broader work in decentralized technologies complements his research on social networks. By leveraging blockchain's transparency and security, he envisions creating decentralized frameworks to enhance data integrity in social media analytics. Rahul's trajectory is a testament to his relentless pursuit of excellence. His achievements extend beyond research, as seen in his contributions to decentralized AI and innovative blockchain applications. Whether mentoring teams, devising cutting-edge solutions, or addressing societal challenges, Rahul consistently exemplifies the ideal of a technologist dedicated to the betterment of humanity. As he continues to push boundaries, Rahul's work serves as an inspiration to peers and budding technologists alike. His IC2S2 paper stands as a milestone in the fight against online radicalization, highlighting the power of interdisciplinary research and the importance of ethical considerations in technology. Rahul’s multifaceted career embodies a blend of technical excellence, social responsibility, and visionary leadership. His work on combating online radicalization demonstrates the power of AI to address pressing societal issues. Meanwhile, his contributions to decentralized AI represent a forward-thinking approach to democratizing technology and empowering global talent. As the digital landscape evolves, Rahul's pioneering spirit and innovative mindset position him as a key figure in shaping the future of ethical AI and blockchain solutions. His work not only advances technological boundaries but also underscores the potential for AI to drive meaningful, positive change.
The incident serves as a reminder of the power of community, solidarity, and vigilance in times of crisis. The swift and coordinated response from friends, family, and law enforcement played a crucial role in ensuring the safe return of the missing student.In the face of evolving cybersecurity threats and the rampant misuse of personal information, it is essential to prioritize data protection and leverage trusted resources like Waterdrop Credit to shield ourselves from potential harm. Together, we can create a safer and more secure digital environment for all.
From being unsafe in the family home to having parents or caregivers who’ve forbidden their return, youth are not immune to becoming part of the country’s growing population of people without housing. That’s why Cobourg’s Rebound Child and Youth Services (Rebound) offers programs and continues to develop new resources to prevent youth homelessness in Northumberland. The not-for-profit agency that supports children, youth, and families has announced it’s a local beneficiary of the Home Depot Canada Foundation’s “Holiday Orange Door Project Campaign” combatting homelessness, which runs until December 22 at the Cobourg Home Depot and online. “We know that youth experiencing unstable housing is growing in our community,” Rebound’s executive director Sam Rockbrune told kawarthaNOW. “Funds raised through this campaign will help us provide supports, such as mental health services and our family wellness hub, to take preventative steps for youth homelessness. Rebound is already working on prevention for youth homelessness with our current programs and rolling out exciting new programs in the new year.” Rebound services offer a private and confidential process that can assist children, youth, and their families with options and resources for programming. The organization believes that the most effective services are those that are provided in a responsive and respectful manner and in a partnership with families. The agency serves more than 1,800 young people each year. In 2018, Rebound partnered with Northumberland County Community & Social Services to deliver the trusteeship program for youth aged 16 to 17 receiving Ontario Works (OW). “At the time, I was the trusteeship caseworker, and the case load was 13 individuals,” recalled Krystyne Gillespie, Rebound’s outreach and fund development manager, adding the case load has since quadrupled. “We see approximately 50 to 60 individuals per year, with around 40 to 45 of those (youth) continuing to need support through the program,” she said. “The trusteeship is not just about receiving financial support through OW. Our goal is for the youth to stay in school, graduate and go on to post-secondary education or into the workforce.” Rebound provides clients with emotional health supports, access to food and clothing items, and strives to serve as a bridge to other resources, as necessary. The agency saw, on average, two unsheltered youth per year in the first few years of the program. “So far in 2024, we currently have seven youth who are experiencing homelessness,” Gillespie noted. She said Rebound is aware of a large number of youths who are living with grandparents or other family members to provide space between them and their parents, especially following the COVID-19 pandemic. “Youth homelessness is often unseen, as youth are resilient and will find places to stay or couch-surf,” she said. “I would encourage parents to ask questions if their child is having a friend sleep over more often or throughout the week.” “Ultimately, Rebound hopes to prevent youth homelessness by helping families creating stronger bonds, building their skills around communication and conflict management, for example. Families that learn together, grow together, (and) hopefully stay together.” As for the Holiday Orange Door Project Campaign, customers can donate during checkout at the Cobourg Home Depot or by visiting and selecting Cobourg as the location for their donation. All local donations will help Rebound provide counselling and therapy, youth justice diversion, youth homelessness prevention programs, along with family and parenting support services. Since 2022, the Cobourg Home Depot has raised over $25,000 for Rebound through the Orange Door Project fundraising campaign, an initiative of the Home Depot Canada Foundation. The foundation is a Canadian registered charity supporting 127 organizations across the country that are committed to preventing and ending youth homelessness. To create new paths for youth experiencing homelessness or at risk of doing so, the foundation will invest $125 million by 2030.
Bo Sheptock’s 3 TD’s help lift Danville to PIAA 3A quarterfinal victory over Bermudian SpringsNorth Macedonian political party demands ban on TikTok after at least 17 students injured
Romania votes in presidential poll with nationalist and leftist vying for runoff
Title: Huawei Pura 70 Series Embraces "Original HarmonyOS" - Double Twelve Surprise Beyond Just PriceThree-Dimensional Universe: Three-Dimensional Universe Low-Code Platform Fully Developed In-House, Applied to Company's Two Core Business Products
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In an era where automotive innovation continues to redefine our expectations of luxury and performance, the upcoming release of the Deep Blue S09 in 2025 has captured the attention of car enthusiasts worldwide. With its official unveiling through a series of stunning official images, the Deep Blue S09 promises to set a new standard for large SUVs, blending cutting-edge technology with sophisticated design.Exciting News: Rockstar's New Recruitment Advertisement Unveiled for GTA 6 Promotion Prep!One of the standout features of "Black Myth: Wukong" is its combat system, which seamlessly blends martial arts, magic, and strategy. Players have praised the fluidity and responsiveness of the combat mechanics, allowing them to chain together combos, unleash powerful special attacks, and adapt to different enemy types and situations. Each encounter feels unique and challenging, keeping players on their toes and encouraging them to fully explore the depths of Wukong's abilities.
Starcore Reports Q2 Results
In addition to the narrative structure, the new installment of "Four Seas Brothers" promises to bring a fresh perspective to the classic gangster genre. While paying homage to the iconic elements of the original films, the filmmakers have infused the new installment with modern themes and a contemporary sensibility. This fusion of old and new is sure to resonate with audiences, offering a compelling and relevant take on the timeless tale of brotherhood, loyalty, and betrayal.SKOPJE, North Macedonia (AP) — A political party in North Macedonia on Saturday demanded authorities ban social networks whose content incites violence and self-destructive behavior after several young people were seriously injured in connection with the popular “Superman challenge” on TikTok. Health authorities said at least 17 students, ages 10 to 17, were brought to hospitals in the capital Skopje and other towns over the past week with broken bones, contusions and bruises. The children were injured after being thrown into the air by their friends to fly like superheroes and get applause on the internet. The Liberal-Democratic Party, which was part of the left-led coalition that ruled the country from 2016 to earlier in 2024, issued a press statement Saturday strongly condemning “the irresponsible spread of dangerous content on social media, such as the latest TikTok 'challenge' known as ‘Superman,’ which has injured six children across (the country) in the past 24 hours.” “The lack of adequate control over the content of social media allows such ‘games’ to reach the most vulnerable users,” the party statement said. It demanded the “immediate introduction of measures to ban content that incites violence and self-destructive behavior, increase surveillance, and sanction platforms that enable dangerous trends.” North Macedonia’s education minister Vesna Janevska said students should focus on education, not TikTok challenges. “The ban on mobile phones in schools will not have an effect. Phones will be available to children in their homes, neighborhoods and other environments,” she said. Psychologists have warned that the desire to be “in” with the trends on social networks, combined with excessive use of mobile phones, is the main reason for the rise in risky behaviors among children. They urged parents and schools to talk with students.
Formerly strife-torn, this is now one of Europe’s coolest citiesNet sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Balance Sheet and Cash Flow Highlights Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Third Quarter 2024 2023 Old Navy — % 1 % Gap 3 % (1) % Banana Republic (1) % (8) % Athleta 5 % (19) % Gap Inc. 1 % (2) % Old Navy: Gap: Banana Republic: Athleta: Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Current FY24 Outlook Prior FY24 Outlook FY23 Results Net sales Up 1.5% to 2.0% on a 52-week basis Up slightly on a 52-week basis $14.9 billion 1 Gross margin Approximately 220 bps expansion Approximately 200 bps expansion 38.8 % Operating expense Approximately $5.1 billion Approximately $5.1 billion $5.17 billion (adjusted) 2 Operating income Mid to High 60% growth range Mid to High 50% growth range $606 million (adjusted) 3 Effective tax rate Approximately 26.5% Approximately 28% 9.7 % Capital expenditures Approximately $500 million Approximately $500 million $420 million 1 Fiscal year 2023 consisted of 53 weeks and the extra week drove approximately $160 million of incremental sales. 2 Fiscal year 2023 adjusted operating expense of $5.17 billion excludes $89 million in restructuring costs and a $47 million gain on sale. 3 Fiscal year 2023 adjusted operating income of $606 million excludes $93 million in restructuring costs and a $47 million gain on sale. Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. 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 $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.com The Gap, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED ($ in millions) November 2, 2024 October 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,969 $ 1,351 Short-term investments 250 — Merchandise inventory 2,331 2,377 Other current assets 580 646 Total current assets 5,130 4,374 Property and equipment, net of accumulated depreciation 2,546 2,552 Operating lease assets 3,217 3,200 Other long-term assets 960 926 Total assets $ 11,853 $ 11,052 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,523 $ 1,433 Accrued expenses and other current liabilities 1,135 1,078 Current portion of operating lease liabilities 617 604 Income taxes payable 50 24 Total current liabilities 3,325 3,139 Long-term liabilities: Long-term debt 1,489 1,488 Long-term operating lease liabilities 3,360 3,456 Other long-term liabilities 544 509 Total long-term liabilities 5,393 5,453 Total stockholders' equity 3,135 2,460 Total liabilities and stockholders' equity $ 11,853 $ 11,052 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED 13 Weeks Ended 39 Weeks Ended ($ and shares in millions except per share amounts) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 3,829 $ 3,767 $ 10,937 $ 10,591 Cost of goods sold and occupancy expenses 2,194 2,211 6,322 6,488 Gross profit 1,635 1,556 4,615 4,103 Operating expenses 1,280 1,306 3,762 3,757 Operating income 355 250 853 346 Interest, net (6) — (12) 8 Income before income taxes 361 250 865 338 Income tax expense 87 32 227 21 Net income $ 274 $ 218 $ 638 $ 317 Weighted-average number of shares - basic 377 371 376 369 Weighted-average number of shares - diluted 383 375 383 373 Earnings per share - basic $ 0.73 $ 0.59 $ 1.70 $ 0.86 Earnings per share - diluted $ 0.72 $ 0.58 $ 1.67 $ 0.85 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED 39 Weeks Ended ($ in millions) November 2, 2024 (a) October 28, 2023 (a) Cash flows from operating activities: Net income $ 638 $ 317 Depreciation and amortization 371 394 Gain on sale of building — (47) Change in merchandise inventory (344) (5) Change in accounts payable 156 133 Other, net Best trending stories from the week. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. You may occasionally receive promotions exclusive discounted subscription offers from the Roswell Daily Record. Feel free to cancel any time via the unsubscribe link in the newsletter you received. You can also control your newsletter options via your user dashboard by signing in.
South Korea's National Assembly has made a historic decision to pass a resolution authorizing the arrest of President Yoo Hee-yeol on charges of corruption and abuse of power. The move came following months of intense investigation and growing public pressure to hold the country's leader accountable for his alleged wrongdoings.To combat the internal overwork culture and foster a healthier and more sustainable industry, stakeholders in the energy storage sector must embrace the following strategies:
On the other hand, Barcelona will seek to control possession and dictate the tempo of the game, with Messi pulling the strings in attack and looking to unlock the Manchester City defense with his vision and creativity. The Blaugrana will be looking to exploit any vulnerabilities in the City backline and capitalize on their chances to secure a vital result in this crucial encounter.The Cowboys have some concerning injuries on defense. Again. Linebacker DeMarvion Overshown (knee) is out for the season and headed for injured reserve, and the team ruled out safety Juanyeh Thomas (knee). Starting cornerbacks Trevon Diggs (knee) and Jourdan Lewis (hamstring) are questionable. Diggs returned Monday night after missing two games, and he did not practice Friday after limited practices Wednesday and Thursday. Lewis was limited all week. Starting linebacker Eric Kendricks (personal/shoulder) also is questionable after missing practice all week as is linebacker Nick Vigil (foot). Vigil also didn’t practice this week. In addition, linebacker Buddy Johnson (illness) and cornerback C.J. Goodwin (hamstring) are questionable. Starting center Cooper Beebe (concussion) will not play.