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In conclusion, the clash between Shanxi and Beijing was a thrilling showcase of the best that Chinese basketball has to offer. With intense competition, skilled players, and passionate fans, the CBA continues to captivate audiences and elevate the sport to new heights. Let the battles continue, as the journey to the championship unfolds.Mind the Gap: Six Tips to Assess Your Healthcare Coverage Before the New Year
As the evacuation convoy made its way through the green corridor, the sound of anti-aircraft flak reverberated through the air, a constant reminder of the dangers lurking nearby. The fear and tension among the evacuees were palpable, as they braved the journey to safety, uncertain of what lay ahead.
Detroit Red Wings (8-10-2, in the Atlantic Division) vs. New York Islanders (8-8-5, in the Metropolitan Division) Elmont, New York; Monday, 7:30 p.m. EST BOTTOM LINE: The New York Islanders host the Detroit Red Wings after Kyle Palmieri scored two goals in the Islanders' 3-1 win against the St. Louis Blues. New York has an 8-8-5 record overall and a 3-3-2 record in home games. The Islanders have a 2-3-1 record when they commit more penalties than their opponent. Detroit is 8-10-2 overall and 4-5-1 on the road. The Red Wings have gone 3-3-2 in games their opponents serve fewer penalty minutes. The teams meet Monday for the third time this season. The Red Wings won the last meeting 2-1. TOP PERFORMERS: Bo Horvat has five goals and nine assists for the Islanders. Maxim Tsyplakov has over the last 10 games. Alex DeBrincat has eight goals and nine assists for the Red Wings. Albert Johansson has over the past 10 games. LAST 10 GAMES: Islanders: 4-3-3, averaging 2.7 goals, 4.7 assists, 2.6 penalties and 5.5 penalty minutes while giving up 2.6 goals per game. Red Wings: 4-5-1, averaging 2.2 goals, 3.5 assists, 2.2 penalties and 4.4 penalty minutes while giving up 2.5 goals per game. INJURIES: Islanders: None listed. Red Wings: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated PressHowever, as the African swine fever situation in China gradually stabilizes and domestic pork production recovers, the oversupply of pork in the market has started to put pressure on pig prices. Additionally, the impact of the COVID-19 pandemic on consumer behavior and consumption patterns has added another layer of uncertainty to the hog market, with fluctuations in demand for pork products being observed.Tencent Video Announces Adjustment of VIP Device Sharing Benefits, Existing Members to Retain BenefitsAccording to Mundo Deportivo, if Barcelona fails to register Aguero in time for the new season, the player could potentially become a free agent. This alarming development has raised concerns among the club's supporters and officials, as losing Aguero without having him feature for the team would be a major blow.
With 3:56 left in last Sunday’s game against the 49ers, the late-afternoon sun falling on Levi’s Stadium seemed a fitting metaphor for the Seahawks’ season. Seattle had just turned the ball over on downs when Zach Charbonnet’s fourth-and-one plunge at the 49ers' 37-yard line went nowhere. That followed a Geno Smith sneak on a third-and-one that was also ruled — much to the disagreement of many on the Seahawks sideline — to have gone nowhere. A couple 49ers first downs and the game would be over. Seattle’s season might have gone with it. Instead, a third-down stop and as efficient of a game-winning drive led by Smith as you’ll ever see, and the light returned. That sequence of events pulled Seattle from being two.games back of two other teams in the NFC West — and essentially three back of the 49ers — to tied with the Rams and 49ers at 5-5 and just a game behind 6-4 Arizona. “We were trying to turn our season around," Smith said afterward. Now the task: to take proper advantage of that statistically unlikely turn of events. A script writer could hardly have crafted the story better to now have Arizona coming to Seattle for a 1:25 p.m. game on Sunday at Lumen Field that could move the Seahawks back into first place in the NFC West. As the Seahawks and Cardinals are kicking off, the 49ers will do the same at Lambeau Field against the Green Bay Packers. But the 49ers will do so without quarterback Brock Purdy and star pass rusher Nick Bosa, each ruled out due to injury. The losses of those two players propelled the betting line to flip from San Francisco favored by 2.5 when it opened to the Packers favored by as much as six on Saturday afternoon — the first time the 49ers have been an underdog since the 2022 season. Then in the night game, the Rams host an Eagles team that has won six in a row and is listed as a three-point favorite. So, to make it simple, a win by Seattle and losses by the 49ers and Rams and the Seahawks will be in first place in the NFC West by the end of the day, holding the tiebreaker for the moment on Arizona. What a swing that final 3 minutes and 56 seconds may have made in Seattle’s season, and in creating an NFC West race that appears as wide open this late in the season as it’s been in years. Coach Mike Macdonald this week didn’t shy away from stating how pivotal each week going forward figures to be with each team in the division now having had their bye and seven games remaining. “Put it this way, look, we've earned the opportunity to be fighting for the lead in the division going into the home stretch," Macdonald said. “So, that's the way we're treating it. It's very much like a playoff mindset for us at this point. (We) can't afford to drop games. You want to have the right to play for these really important games in December and January. You've got to be able to execute and put yourself in that situation. It's basically a December football game." Smith spoke similarly. “Anybody can go get this division the last seven games of the season," he said. “So, really it's going feel like playoff games, every single one. The division games are going to feel like you won two games because they're going to matter that much." Sunday’s game may loom even more critical for Seattle and Arizona since the two teams play again in Glendale on Dec. 8. Given that the Cardinals already also have wins over the Rams and 49ers, a win Sunday and possibly moving two games in front of everyone else in the division would put the Cardinals in a pretty firm driver’s seat. But a Seattle win, and the Seahawks may go to Arizona in two weeks with a chance to take control of the division, especially if Seattle can beat a downtrodden Jets team in New York on Dec. 1. Macdonald and Smith speaking candidly of the stakes at hand Sunday, though, stood in contrast to the Cardinals’ approach this week. “I’m not really looking at it that way," Arizona quarterback Kyler Murray said this week when asked how it feels to play a late-November game with so much on the line. “I’m just taking it one game at a time. I know that the guys are as well, so I think that's the message that we're preaching. No game's bigger than the other. The one that we've got right now is the biggest one. We have to win it." On paper, though, the game projects as the most important for Arizona since earning its last playoff spot following the 2021 season. Arizona has won four in a row to move into first — matching its win total for all of last season when the Cardinals went 4-13 in the first season for coach Jonathan Gannon and with Murray held to eight games while recovering from an ACL injury suffered on Dec. 12, 2022. The Cardinals winning only eight games in the 2022 and 2023 seasons combined, the coaching inexperience of Gannon and some uncertainty about whether Murray could reclaim his pre-injury form had most preseason prognosticators picking Arizona last in the NFC West. But the return of Murray full-time, another good season from veteran running back James Conner and the addition of first-round pick receiver Marvin Harrison Jr. has led to an improved offense. And the Arizona defense finally seems to be taking on the personality of Gannon, who got the job after serving as the defensive coordinator for the Eagles team that got to the Super Bowl following the 2022 season, particularly in keeping teams out of the end zone; the Cardinals are ninth in the NFL in red-zone defense, allowing TDs on just 17 of 35 drives inside the 20. But the Seahawks finally beating the 49ers for the first time since 2021 a week ago, and doing so after a chaotic week that included the surprising retirement of center Connor Williams, has them feeling like anything is possible. Step one, though, is winning Sunday and snapping a four-game home losing streak. “These games are going to be so electric," Smith said. “I can't wait to be in the stadium on Sunday. It's going to be so fun. We're looking forward to the fans being there and just going crazy." The Seahawks made an expected move Saturday, activating safety Rayshawn Jenkins off Injured Reserve, filling an opening Seattle had on its 53-man roster. Macdonald said Friday that Jenkins — who had been sidelined with a hand injury — is expected to play against the Cardinals. Seattle also elevated tight end Tyler Mabry and linebacker Patrick O’Connell off the practice squad for Sunday’s game. Mabry adds depth at the tight end spot with Brady Russell (foot) ruled out and Noah Fant (going) questionable. O’Connell, a second-year player from Montana, played 10 snaps on special teams last week against the 49ers and will likely fill a similar role against the Cardinals. This is the third elevation for O’Connell, the most that is allowed.
JERUSALEM -- Israel’s attorney general has ordered police to open an investigation into Prime Minister Benjamin Netanyahu’s wife on suspicion of harassing political opponents and witnesses in the Israeli leader’s corruption trial. The Israeli Justice Ministry made the announcement in a terse message late Thursday., saying the investigation would focus on the findings of a recent report by the “Uvda” investigative program into Sara Netanyahu. The program uncovered a trove of WhatsApp messages in which Mrs. Netanyahu appears to instruct a former aid to organize protests against political opponents and to intimidate Hadas Klein, a key witness in the trial. The announcement did not mention Mrs. Netanyahu by name, and the Justice Ministry declined further comment. But earlier Thursday, Netanyahu blasted the Uvda report as “lies.”So, are you ready to embark on a journey like no other? Take up your cards, summon your courage, and step into the world of "Play On! Hero of Souls". Whether you're a seasoned card game enthusiast or a newcomer to the genre, this game offers something for everyone. Let your imagination soar and be the hero you were always meant to be. The fate of the souls lies in your hands!
Mind the Gap: Six Tips to Assess Your Healthcare Coverage Before the New YearIn a move that has sparked controversy, U.S. President Joe Biden was seen picking up a book highly critical of Israel during Black Friday shopping in Nantucket. The book, The Hundred Years' War on Palestine: A History of Settler Colonial Conquest and Resistance by Rashid Khalidi, challenges the establishment of Israel, describing it as a form of colonialism. The acquisition, coming from a prominent Palestinian scholar, has ignited strong reactions, with some seeing it as a late acknowledgment of the complexities of the Israeli-Palestinian conflict. Biden’s Surprising Choice and Its Timing President Biden’s choice to pick up Khalidi's book surprised many, especially considering his strong support for Israel throughout his political career. In a public display at Nantucket Bookworks, Biden was seen holding the book that critiques Israel's historical actions. Khalidi, a well-known critic of Israeli policies, said the moment was “four years too late” for Biden, referencing his stance on Israel and the conflict in Gaza. Biden has made statements of support for Israel but has also faced significant protests over U.S. involvement in the Gaza conflict, especially after the October 7 attacks by Hamas. Also Read : This bearded man with a $10 million bounty on his head could be the next trouble maker in the Middle east; who is he? Here's all about him Khalidi’s Book and Its Controversial Stance Khalidi's The Hundred Years’ War on Palestine argues that the modern history of Palestine can be understood through the lens of colonialism, where Palestinians have resisted the displacement caused by Israel's establishment. The book highlights significant moments, including the First and Second Intifadas, and critiques the role of U.S. administrations, especially Trump’s, in supporting Israel. Khalidi also discusses the issue of settler-colonialism, drawing parallels to historical conflicts such as those in North America and Algeria. Biden’s Relationship with Israel and Criticism from Activists Biden has long been an outspoken Zionist, emphasizing his support for Israel’s right to exist. However, his policies and actions, particularly in relation to the Gaza conflict, have drawn both praise and sharp criticism. In 2023, Biden was heckled as “Genocide Joe” by activists who disapproved of his support for Israel’s military actions in Gaza. His comments behind closed doors, which reportedly include expletives directed at Israeli Prime Minister Benjamin Netanyahu, indicate a shift in the relationship between the U.S. and Israel. This complex dynamic between Biden and Israel continues to evolve, with his administration balancing diplomatic support with calls for humanitarian efforts. 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The purchase of Khalidi’s book, while symbolic, adds another layer to the ongoing discourse surrounding U.S. foreign policy in the Middle East, especially regarding Israel and Palestine. FAQs: What book did President Biden pick up on Black Friday? President Biden was seen holding a copy of The Hundred Years' War on Palestine: A History of Settler Colonial Conquest and Resistance, 1917-2017 by Rashid Khalidi, a Columbia University professor. The book critiques the establishment of Israel as an act of colonialism and discusses the ongoing Palestinian resistance. What is Biden's stance on Israel? Biden has long identified as a Zionist, supporting Israel's right to exist and its security. However, his recent actions, including pausing military aid to Israel earlier this year, have sparked criticism. His support for Israel has been questioned amid ongoing violence in Gaza. (You can now subscribe to our Economic Times WhatsApp channel )
Net 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 Net sales of $3.8 billion were up 2% compared to last year. Comparable sales were up 1% year-over-year. Due to the 53 rd week in fiscal 2023, in order to maintain consistency, comparable sales for the third quarter of fiscal 2024 are compared to the 13 weeks ended November 4, 2023 . Store sales decreased 2% compared to last year. The company ended the quarter with 3,603 store locations in about 40 countries, of which 2,544 were company operated. Online sales increased 7% compared to last year and represented 40% of total net sales. Gross margin of 42.7% increased 140 basis points versus last year's gross margin. Merchandise margin increased 90 basis points versus last year primarily driven by improved inventory management. Rent, occupancy, and depreciation (ROD) as a percent of sales leveraged 50 basis points versus last year. Operating expense was $1.3 billion . Operating income was $355 million ; operating margin of 9.3%. The effective tax rate was 24%. Net income of $274 million ; diluted earnings per share of $0.72 . Balance Sheet and Cash Flow Highlights Ended the quarter with cash, cash equivalents and short-term investments of $2.2 billion , an increase of 64% from the prior year. Year-to-date net cash from operating activities was $870 million . Year-to-date free cash flow , defined as net cash from operating activities less purchases of property and equipment, was $540 million . Ending inventory of $2.33 billion was down 2% compared to last year. Capital expenditures were $330 million . Paid a third quarter dividend of $0.15 per share, totaling $57 million. The company's Board of Directors approved a fourth quarter fiscal 2024 dividend of $0.15 per share. 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 Old Navy: Third quarter net sales of $2.2 billion were up 1% compared to last year. Comparable sales were flat. The brand's continued focus on operational rigor and brand reinvigoration drove solid performance in the quarter, despite lapping tougher compares and facing weather-related headwinds. Gap: Third quarter net sales of $899 million were up 1% compared to last year. Comparable sales were up 3% representing the fourth consecutive quarter of positive comparable sales at the brand. Gap's strong product and marketing execution have helped drive continued momentum and consistent results at the brand. Banana Republic: Third quarter net sales of $469 million were up 2% compared to last year. Comparable sales were down 1%. The brand saw strength in its men's business during the quarter and remains focused on fixing the fundamentals. Athleta: Third quarter net sales of $290 million were up 4% compared to last year. Comparable sales were up 5%. As expected, the brand returned to positive comparable sales in the quarter as its new product and marketing are resonating with customers. 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 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 [email protected] Media Relations Contact: Megan Foote [email protected] Free cash flow is a non-GAAP financial measure. We believe free cash flow is an important metric because it represents a measure of how much cash a company has available for discretionary and non-discretionary items after the deduction of capital expenditures. We require regular capital expenditures including technology improvements as well as building and maintaining our stores and distribution centers. We use this metric internally, as we believe our sustained ability to generate free cash flow is an important driver of value creation. However, this non-GAAP financial measure is not intended to supersede or replace our GAAP results. The following adjusted statement of operations metrics are non-GAAP financial measures. These measures are provided to enhance visibility into the Company's underlying results for the period excluding the impact of restructuring costs. Management believes the adjusted metrics are useful for the assessment of ongoing operations as we believe the adjusted items are not indicative of our ongoing operations, and provide additional information to investors to facilitate the comparison of results, on an annualized basis, against past and future years. However, these non-GAAP financial measures are not intended to supersede or replace the GAAP measures. SOURCE Gap Inc.In the age of social media and instant communication, the rise of online harassment and cyberbullying has become a pressing issue affecting individuals from all walks of life. Recently, the story of a 33-year-old female director has captured public attention as she bravely spoke out in support of Wu Liufang, a popular actress who has been facing vicious online attacks.
Pereira outshines Amorim in battle of new Portuguese bosses
On the other hand, if the demand for cured meat products falls short of projections or if external factors such as trade tensions or economic instability come into play, the hog market could face renewed downward pressure. In such a scenario, hog prices may once again experience a period of decline, posing challenges for industry participants who are reliant on stable and profitable pricing levels.As the sun set over the village, casting a golden hue over the mountains and fields, a sense of gratitude and unity pervaded the air. The villagers stood together, stronger and more determined than ever, ready to face whatever challenges the future may hold, armed with courage, compassion, and a deep-rooted sense of stewardship for their land and its inhabitants.
As the transfer saga unfolds, all eyes are on the Dutch defender as he weighs up his options and decides on his next move. With Inter Milan, Manchester City, Barcelona, and Bayern Munich all vying for his signature, the defender faces a crucial decision that could shape the trajectory of his career. Whichever club he chooses, one thing is certain - he has the talent and potential to make a significant impact at the highest level of the game.On New Year’s Day, millions of Americans will see their prescription drug costs capped at $2,000 per year—and it’s thanks to the actions of President Joe Biden and Democrats in Congress. Under the 2022 Inflation Reduction Act , federal law prohibits out-of-pocket prescription drug costs from exceeding $2,000 for many Medicare beneficiaries. The AARP estimates that about 3.2 million Americans will save money on prescription medications in 2025, which will increase to more than 4 million people by 2029. But, of course, Republicans didn’t support the law that made this happen. In both the House and Senate, Republicans stood together and opposed the Inflation Reduction Act. The bill only received votes from the Democratic caucus before being signed into law by Biden. The Inflation Reduction Act combined several provisions to cut health care costs—including an insulin benefit for which Donald Trump falsely claimed credit —along with incentives for companies and organizations to use clean energy technologies. Since the law hit the books, the GOP has tried to undermine it with 54 unsuccessful votes led by Republicans in Congress to repeal portions if not all of the law. While Trump has not specifically addressed the Medicare cap, he has expressed anger at the Inflation Reduction Act’s clean energy credits and has made clear his interest in reversing those measures. During the election, Trump claimed that he would not cut safety net programs like Medicare, but during an interview with CNBC in March he said that “there is a lot you can do in terms of entitlements in terms of cutting.” Under the guise of “government efficiency,” Trump nominated billionaires Elon Musk and Vivek Ramaswamy as co-chairs of the Department of Government Efficiency to rail against purported government waste and abuse. Musk has already been exercising his power, leading Republican opposition to a bill that funded pediatric cancer research and services for 9/11 first responders. Similarly, Trump nominated quack television doctor Mehmet Oz to lead the Centers for Medicare and Medicaid Services. Oz and Trump have advocated for transferring people to Medicare Advantage, which is a scheme to privatize many of the services that Medicare currently offers. Project 2025 , a far-right initiative written by several Trump-affiliated individuals, has put Medicare squarely within its sights by backing Medicare Advantage, which would significantly limit millions of enrollees’ choices of doctors and specialists. Trump also chose one of the key architects of Project 2025, Russell Vought, to serve as director of the Office of Management and Budget. Similarly, Trump is directly connected to one of the most visible attacks on health care benefits: the push to repeal the Affordable Care Act (Obamacare). Trump campaigned heavily on the issue during his 2016 election campaign, and as president he tried to restrict the program from offering health care coverage to millions of Americans. In 2017, Republicans came extremely close to repealing the entire program, which would have upended health insurance for millions of people. Despite Republican opposition, Democrats were able to pass the Inflation Reduction Act, which is helping millions of Americans. But the incoming president has a history of attacking health care benefits, and the prescription drug price cap could be his next casualty.
Moreover, the WeChat Pay function has simplified my financial transactions, allowing me to pay bills, transfer money, and make purchases with just a few taps on my phone. Gone are the days of carrying around a bulky wallet - now, all I need is my smartphone and WeChat to handle my day-to-day payments.
In conclusion, the hanging of opposition flags at the Syrian Embassy in Russia stands as a poignant symbol of the ongoing struggle for freedom and justice in Syria, and a stark reminder of the courage and resilience of those who dare to defy tyranny and oppression. It is a moment that will be remembered in the annals of diplomatic history, a bold statement that reverberates far beyond the walls of the embassy building, and a testament to the indomitable spirit of the human quest for dignity and liberation.
