XPeng (NYSE:XPEV) Given New $14.00 Price Target at Sanford C. Bernstein
Emi Martinez began the night by walking onto the field with his children and parading a pair of trophies for being the world’s best goalkeeper for the last two years. Read this article for free: Already have an account? To continue reading, please subscribe: * Emi Martinez began the night by walking onto the field with his children and parading a pair of trophies for being the world’s best goalkeeper for the last two years. Read unlimited articles for free today: Already have an account? Emi Martinez began the night by walking onto the field with his children and parading a pair of trophies for being the world’s best goalkeeper for the last two years. He finished it by producing an astonishing save that vindicated those awards. The Argentina international illuminated a 0-0 draw between his Aston Villa team and Juventus in the Champions League on Wednesday by plucking the ball from behind him and scooping it off the goal line to deny Francisco Conceição what could have been the winner. Replays showed the ball was almost entirely over the line before Martinez hooked it clear, and the goalkeeper was quickly congratulated by his teammates. No save by Martinez will ever beat the one he pulled off for Argentina in the last seconds of extra time in the 2022 World Cup final, denying France striker Randal Kolo Muani and keeping teammate Lionel Messi’s dream alive of finally winning soccer’s biggest prize. He might just have run it close. It was fitting he produced his wonder save against Juve on the night he showed off the two Yashin Trophies he claimed at the Ballon d’Or awards ceremony in each of the past two years. The most recent one came last month. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. As for Juventus goalkeeper Michele Di Gregorio, he finished the game relieved that what appeared to be a mistake in the final seconds of stoppage time didn’t cost his team. Di Gregorio spilled a cross under pressure from Villa defender Diego Carlos and Morgan Rogers was there to poke the ball into the net. A goal was awarded by the on-field referee but after a two-minute check, it was ruled out for a foul on Di Gregorio by Carlos. ___ AP soccer: https://apnews.com/hub/soccer Advertisement Advertisement
Share pledging is linked to higher corporate misconduct in China, study findsTrump’s tariffs in his first term did little to alter the economy, but this time could be different
Joly touts ‘private’ diplomacy as Mexico criticizes Canada’s culture, tradeSingapore, Nov. 27, 2024 (GLOBE NEWSWIRE) -- What is QUANTUM and what does it solve? QUANTUM is designed to overhaul the financial transaction systems by replacing outdated, centralized methods with a quantum-safe and AI-compliant decentralized blockchain solution that offers enhanced security and efficiency. It addresses the inherent limitations of traditional financial messaging systems like SWIFT, which suffers from issues such as slow transaction times, high costs, opaque fees, and susceptibility to cyber threats and geopolitical influences. QUANTUM introduces a next-generation financial framework that leverages post-quantum cryptography and trapping techniques to safeguard against advanced cyber threats and integrates AI to automate compliance checking with international financial regulations, aiming to streamline and secure financial transactions for banks, broker-dealers, investment managers, and market infrastructures globally. QUANTUM is also at the heart of all transactions underpinning the new financial institutions being built on Quantum Chain, forming the Quantum Ecosystem. Token Overview - Token name: Quantum - Token symbol: $Q - Total Issue Supply : USD $1,000,000,000 What are the utilities of $Q? The QUANTUM token serves as a multifunctional utility within the Quantum Chain network, fulfilling several key roles: 1. Transaction Fees: QUANTUM tokens are used to pay for transaction fees within the network, compensating validators and nodes for processing transactions and maintaining the blockchain. 2. Governance: Token holders can participate in governance decisions, influencing the development and operational aspects of the Quantum Chain network. This includes voting on protocol changes, upgrades, and proposals that affect the network. 3. Staking: Users will be able to stake QUANTUM tokens to participate in the network's consensus mechanism. Staking tokens helps secure the network by providing the necessary collateral to validate transactions. In return, stakers receive rewards proportional to their stake. 4. Reward Distribution: The network rewards participants, such as validators and certain users, with QUANTUM tokens for their contributions to network security, development, and community engagement. 5. Access to Services: Tokens might be used to access specific services within the QUANTUM ecosystem, such as advanced financial reporting tools, artificial intelligence-driven analytics, and other premium features. 6. Interoperability and Cross-Chain Services: QUANTUM may facilitate or manage cross-chain transactions, enabling interoperability with other blockchain networks, with the token potentially being used as a bridging asset. These utilities are designed to ensure the active participation of users, maintain the network's security, and encourage the ongoing development of the QUANTUM ecosystem. What does the QUANTUM ecosystem include? The QUANTUM ecosystem is built to provide a robust and scalable blockchain infrastructure with multiple components and services that address various aspects of blockchain technology and its applications to perfectly se the foundations of an evolved financial industry: 1. Core Blockchain Layer: At the heart of QUANTUM is its blockchain layer, Quantum Chain, the quantum-safe protocol which supports high transaction throughput and scalability through an innovative consensus mechanism. This layer ensures secure, fast, and efficient transaction processing. 2. Decentralized Applications (dApps)/Financial Institutions (FIs): The ecosystem supports the development and operation of new financial institutions and dApps. These applications leverage Quantum Chain technology for various use cases, including finance, tokenization, supply chain management, payments and cross-border transactions and much more. 3. Smart Contracts: QUANTUM integrates smart contract functionalities that allow incorporated developers to create automated, self-executing contracts with the terms directly written into code, facilitating trustless agreements and automated processes. 4. Interoperability Features: The platform includes L2 features designed to ensure interoperability with other blockchains, allowing for seamless cross-chain communications and transactions. This is crucial for enhancing the utility of QUANTUM in a broader blockchain environment. 5. Staking and Governance: Token holders can stake their tokens to participate in network governance, influencing decisions related to the network’s future development, upgrades, and changes in protocols. 6. Validator Nodes: The network relies on validator nodes, which are responsible for validating transactions and maintaining the integrity and security of the blockchain. Participants can run validator nodes by staking QUANTUM tokens. 7. Security Services: The ecosystem includes advanced security protocols to protect against common vulnerabilities and attacks, ensuring the safety of transactions and data stored on the blockchain. 8. Quantum Wallet: A proprietary wallet for managing QUANTUM tokens and interacting with the network. The wallet facilitates token storage, transactions, staking, and participation in governance. 9. Educational and Community Support: The ecosystem also focuses on education and community engagement to encourage adoption and foster a supportive environment for users and developers. This includes documentation, tutorials, workshops, and active community forums. 10. Platform Integration: Additionally, the QUANTUM project ecosystem will feature a dedicated "Quantum" column on the Coinstore platform. This column will serve as a focal point for all related activities and updates, providing users with direct access to information on QUANTUM's market movements, trading opportunities, and educational content. This integration into Coinstore will enhance visibility and accessibility, making it easier for users to engage with QUANTUM directly from the trading platform. These components work synergistically to create a comprehensive ecosystem that supports a wide range of blockchain applications and services, driving forward the adoption and utilization of blockchain technology across different sectors. QUANTUM Official Media Website | Twitter | Telegram About Coinstore Accessibility. Security. Equity. As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 9.5 million users worldwide, Coinstor e aims to become the preferred cryptocurrency trading platform and digital service provider worldwide. Coinstore Social Media Twitter | Discord | Facebook | Instagram | Youtube | Telegram Discussion | Telegram Announcement
NoneInjuries pile up, 49ers uncertain QB Brock Purdy can return SundayKarnataka Industries Minister M.B. Patil announced on Saturday the state’s ambitious plan to develop ‘ SWIFT City ’ in Sarjapura, envisioned as a hub for startups, innovation, finance, and technology, reported PTI. The initiative aims to position Sarjapura as Karnataka’s third major planned industrial hub, following the success of Electronic City and ITPL. Addressing the need for better workspaces, Patil said, “Despite the presence of thousands of companies in Bengaluru , stakeholders have expressed dissatisfaction over the lack of well-planned workspaces. To address this, we will ensure 150-ft-wide connecting roads and world-class facilities, including residential clusters and schools in Sarjapura.” The state government has earmarked over 1,000 acres of land in the Sarjapura Industrial Area for the project. Strategically located near National Highways 44 and 48 and close to Bengaluru’s thriving IT ecosystem, Sarjapura is set to become a key player in Karnataka’s industrial growth. The project will offer small and medium-sized startups flexible workspace options ranging from 5,000 to 20,000 sq ft through leasing, sales, or investment-sharing models. Entrepreneurship Startup Fundraising: Essential Tactics for Securing Capital By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Advanced Java Mastery: Object-Oriented Programming Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Entrepreneurship Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Legal Complete Guide to AI Governance and Compliance By - Prince Patni, Software Developer (BI, Data Science) View Program Patil also outlined the state’s broader vision to transform Karnataka into a ‘ Silicon State .’ “While Bengaluru is already recognised as the Silicon City, our objective is to expand this recognition across the entire state,” he said. As part of this vision, the government plans to develop five Mini KWIN (Karnataka World Innovation Network) Cities in locations such as Vijayapura and Hubballi-Dharwad, in collaboration with the IT/BT department. These cities aim to foster innovation and attract investments across the state. “Innovative concepts are essential to attract investors. Without proactive measures, neighbouring states could gain an edge in securing opportunities,” Patil stated, emphasising the need for Karnataka to remain competitive in the race for investments. The development of SWIFT City and Mini KWIN Cities represents Karnataka’s commitment to fostering innovation, boosting infrastructure, and maintaining its position as a leader in technology and industry. (You can now subscribe to our Economic Times WhatsApp channel )
Trump's hush money dismissal motion invokes Hunter Biden pardonNet 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
Martinez parades goalkeeper awards and justifies them with wonder save for Villa in Champions LeagueNext man up is usually reserved for injury situations in the NFL. But for the Pittsburgh Steelers , that adage is reserved for budding defensive star Keeanu Benton. Because while his mentor Cam Heyward isn't showing any signs of slowing down, after a huge play in the team's win over the Cleveland Browns , it's Benton that will be terrorizing offensives for years to come: Keeanu Benton makes a miraculous interception against Browns "But, you know, heck of a play," said Cam Heyward when asked about Benton's interception. "Great awareness, you know, just to track it down the line. It wasn't like it was, you know, popped in there or anything. But can't say enough about the kid. He works his tail off. I know he wants big plays all the time, but you know, it was a big play for us in this game, and luckily, had that kid on our sideline." BIG MAN SNAG @keeanu_benton Stream on NFL+: https://t.co/COxKRnr6Mc pic.twitter.com/OU0Kt7f6zl Interceptions are usually reserved for the defensive backfield but when you are as spry and agile as Keeanu Benton, interceptions are just another part of your skillset, even if his own teammates didn't know it yet: "I was in the post [safety position] on that play, so seeing the screen happen, and seeing him put his hands up and catch it, I was like 'Oh, shoot,'" said safety DeShon Elliott after the game. "I don't know he was at athletic like, he's had a lot of pass breakups this year, because he's a great player. But I just didn't know he had those ball skills too. He was trying to get out of there so, and I think that running back was trying to make him fumble. So great ball security. I'm really proud of Keeanu." Benton is just 23 years old and in the second year of his NFL career. A former Wisconsin Badger, his playstyle fits in perfectly with the Steelers as a sound run defender, yet interior presence in terms of pass rush. But perhaps more importantly, Benton fits into the Steelers culture, as he already has a voice in the locker room as seen in episode one of Hard Knocks AFC North: One of my favorite moment from Hard Knocks was hearing #Steelers NT Keeanu Benton's speech on Saturday night to the defense. Love that the team has these young players speak to try and find their voice from a leadership standpoint. Awesome seeing Cam Heyward's reaction, too. pic.twitter.com/SKoRdap4KK Expect even more from Benton down the stretch. This article first appeared on A to Z Sports and was syndicated with permission.