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GAP

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Gap stock fell in extended trading on Thursday after the company warned tariffs will impact its profits moving forward.

When Gap last reported results in May , it said it expected tariffs to cost between $100 million and $150 million on a net basis, but on Thursday, it said those costs are now going to be between $150 million and $175 million.

Its full-year operating margin is expected to be between 6.7% and 7%, down from 7.4% in the previous fiscal year, reflecting a tariff impact between 1 percentage point and 1.10 percentage points.

In its current quarter, its expecting its gross margin to be down between 1.5 and 1.7 percentage points, driven by tariff costs.

Beyond tariffs, the specialty apparel comp

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