8k8 ph Punjab Kings (PBKS) purchased uncapped speedster Vijaykumar Vyshak for INR 1.8 crore at the Indian Premier League (IPL) 2025 mega auction. Punjab Kings and Gujarat Titans bid hard for the uncapped speedster, but ultimately PBKS bought him for more than INR 1 crore. Interestingly, Royal Challengers Bengaluru didn't use their Right-to-Match card for the speedster. IPL 2025 Mega Auction Day 1 Live Updates: Vijaykumar Vyshak Goes to Punjab Kings for INR 1.8 Crore . Vijyakumar Vyshak Sold to Punjab Kings Vijaykumar Vyshak is SOLD to @PunjabKingsIPL for INR 1.8 Crore 🙌🙌 #TATAIPLAuction | #TATAIPL — IndianPremierLeague (@IPL) November 24, 2024 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)Minnesota will try to bounce back from two straight losses when it hosts Bethune-Cookman on Sunday afternoon in Minneapolis. The Golden Gophers (5-3) are coming off a 57-51 loss against Wake Forest on Friday, which followed a 68-66 overtime loss against Wichita State on Thursday. Both games took place at the ESPN Events Invitational in Lake Buena Vista, Fla. Minnesota coach Ben Johnson cited inconsistency on offense as the main reason for his team's recent skid. "We're painfully figuring that out," Johnson said. "I thought our defense, though, (Thursday and Friday) has proven this is a top-40 or top-30 defense. We've got to be able to show up with offense and free throws." Golden Gophers starter Lu'Cye Patterson said he and his teammates remain confident in their potential as the Big Ten conference season approaches. "We just have to keep doing what we're supposed to do and keep our level of defensive play up," Patterson said. "It's going to win us a lot of games. The offense is going to come." Bethune-Cookman (2-5) will try to play spoiler on the road. The Wildcats have split their past two games as they beat North Dakota 79-67 on Tuesday and lost to Gardner-Webb 79-64 on Wednesday, both games played in the Cancun Challenge in Cancun, Mexico. Four players for Bethune-Cookman scored in double digits in their most recent game. Reggie Ward Jr. and Daniel Rouzan led the way with 14 points apiece, Trey Thomas scored 13 and Brayon Freeman chipped in 10. Bethune-Cookman is coached by Reggie Theus, who enjoyed a long NBA career and coached the Sacramento Kings for parts of two seasons. Theus said the Wildcats were in better position to compete this season compared with a season ago. "We've got a lot of depth, and we have age and experience," Theus said. "One of the biggest differences in our team is that we have great size now, where last year we were pretty small." Dawson Garcia leads Minnesota with 18.6 points and 7.3 rebounds per game. Patterson is next with 10.1 points per contest. Bethune-Cookman is led by Freeman, who is averaging 15.9 points per game. Thomas (11.7 points per game) and Ward Jr. (11.0) also are scoring in double digits. --Field Level Media

The legacy of Chief Obafemi Awolowo, one of Nigeria’s most revered political and intellectual figures, continues to shape the nation’s landscape, even decades after his passing. A nationalist, federalist, and visionary, Awolowo played a critical role in Nigeria’s political and constitutional development. His ideals, which centred around unity, democracy, and social justice, have left an indelible mark on the fabric of Nigerian society. Chief Awolowo’s commitment to education, self-reliance, and equitable development laid the groundwork for many of the nation’s institutions. His role in promoting federalism, fighting for the rights of the marginalized, and advocating for inclusive governance resonates in Nigeria’s modern-day political struggles up until today. Many Nigerians, both within and outside of politics, strive to uphold these ideals and carry forward his ideals of cultural renaissance and social justice, advocating for a stronger and more united Nigeria. But beyond the broad scope of these influential figures, one person stands at the forefront of ensuring that Chief Awolowo’s legacy remains alive, relevant, and impactful: Dr. Tokunbo Awolowo Dosumu, the sage’s last-born child. Dr. Tokunbo Awolowo Dosumu, the Executive Director and Co-Founder of the Obafemi Awolowo Foundation, is a steadfast champion of her father’s vision. She has become the driving force in preserving and expanding his legacy, ensuring it continues to influence the national conversation. Her work within the Foundation, alongside her other leadership roles, embodies the ideals her father fought for—integrity, education, good governance, and national development. A former Ambassador to the Netherlands and an active participant in Nigeria’s political discourse, Tokunbo has been an advocate for national development and women’s empowerment. She is carrying her father’s vision forward by playing significant roles in various strategic positions, such as her tenure as the Chairman of the Governing Council of Lagos University Teaching Hospital and as a delegate at the 2014 National Constitutional Conference. In these roles, she advocated for a political restructuring that would ensure a more inclusive and equitable Nigeria, something that mirrors her father’s lifelong efforts to ensure the prosperity and unity of the nation. Tokunbo is a key figure behind the Obafemi Awolowo Prize for Leadership. This biennial award recognizes individuals who demonstrate excellence in leadership and good governance, qualities that Awolowo himself epitomized. Through this award, she continues to spotlight global leaders who reflect the values of her father, ensuring that his ideals remain integral to the nation’s political and social ethos. Her upcoming webinar, “Building a Viable Society in Challenging Times: The Critical Role of Women,” reflects her ongoing mission to empower women and raise their voices in the struggle for national development, while remaining a true Ambassador of her father’s vision. Like the Sage himself, Tokunbo has an unyielding commitment to the progress of Nigeria, its people, and its future. She is the bridge between the ideals of the past and the aspirations of the present, ensuring that the values Chief Obafemi Awolowo fought for continue to thrive in a modern world. Through the Obafemi Awolowo Foundation, she upholds her father’s commitment to nation-building in ways that resonate with the challenges and opportunities of today. As the Chairman of African Newspapers of Nigeria, publishers of the iconic Nigerian Tribune titles, Tokunbo continues to provide a platform for meaningful discourse on governance, leadership, and the future of the nation. The forthcoming webinar, “Building a Viable Society in Challenging Times: The Critical Role of Women,” promises to be a remarkable convergence of influential voices committed to national progress. Hosted by the Obafemi Awolowo Foundation under the visionary leadership of Dr. Tokunbo Awolowo Dosumu, this event continues the legacy of Chief Obafemi Awolowo by fostering meaningful conversations around governance, leadership, and inclusivity. Among the distinguished dignitaries set to participate are the Chairman, The Vice President of Nigeria. His Excellency Kashim Shettima; the Distinguished Guest, Governor of Lagos State. Babajide Sanwo-Olu; and the Keynote Speaker, Her Excellency Dr. Amina Mohammed, whose tireless advocacy for sustainable development and women’s empowerment has earned global recognition. ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more. Join our WhatsApp Channel nowAs the situation continues to unfold, fans and analysts alike are eagerly awaiting the outcome of the negotiations. The possibility of Raúl-Asensio leaving Real Madrid next summer adds an element of uncertainty to the team's future, as his departure could have a significant impact on the squad's dynamics and performance. However, if the club is successful in securing a contract extension with the player, it would be a major boost to Real Madrid's aspirations for the upcoming seasons.

It’s beginning to look a lot like Christmas up at Aberystwyth Arts Centre. Not only has the annual Christmas craft fair taken up residence once again in the area outside the Great Hall, but the shows on offer in the next two weeks have a distinctly festive feel to them. On Friday, 29 and Saturday, 30 November at 8pm, there’s Cracyrs Cabarela. The Cabarela elves are busy rummaging through their Christmas stockings, resurrecting the crackliest of their crackers and stuffing them into one enormous cracker to burst all over you this Christmas. You know you want to be part of the filthy frivolous festivities! For those aged 16+ On Saturday, 7 and Sunday, 8 December, you can see a special performance of ‘Cinderella’. Suitable for audience members of all ages, you are invited to join the arts centre for a magical evening filled with grace, beauty, and festive cheer as the talented dancers from the Ballet School of Aberystwyth Arts Centre bring the timeless tale of ‘Cinderella’ to life. This enchanting ballet performance, perfect for the entire family, will transport you to a world of elegant choreography, stunning costumes, and a heartwarming story of love and transformation. Celebrate the joy and wonder of the Christmas season with this captivating rendition of a beloved classic. Don’t miss the chance to witness the extraordinary talent of these amazing young dancers and enjoy a magical evening with your loved ones. Performances are at 2pm and 7pm on Saturday, 7 December, and 2pm on Sunday, 8 December. Please contact the arts centre to book if you have any access needs that will require suitable seating or if you need a designated wheelchair space.On one hand, some argue that humor can be a powerful tool for shining a light on societal issues and breaking down barriers. When done thoughtfully, humor can help to humanize individuals from marginalized communities and challenge harmful stereotypes. However, it is important to remember that humor is subjective, and what may be considered funny to one person could be hurtful or offensive to another.

Looking forward, Munoz is setting his sights on future matches with a strong sense of determination and ambition. He believes that Watford has the potential to compete with the best teams in the league and aims to continue delivering impactful performances on the pitch. With a winning mentality and a hunger for success, Munoz is poised to lead Watford to new heights in the season.The Continuing Significance of Audio's Commercial Value Shines Through, Providing Favorable Conditions for Himalaya's IPOIn conclusion, the main opposition's criticism of the promise that the new government will begin working immediately after establishment raises important questions about the nature of governance and leadership. While the pledge may be well-intentioned, it needs to be backed up by a clear plan, transparency, and accountability. Only through inclusive and informed decision-making can the new government hope to earn the trust and support of the people. It is a reminder that the path to effective governance is paved with challenges and responsibilities that cannot be avoided or delayed.

The aftermath of the verdict saw widespread protests and calls for reform in the justice system. Advocates for police and military accountability demanded transparency and accountability in cases where lethal force is used, especially in civilian settings. They urged for greater oversight and training to prevent similar tragedies from happening in the future.Furthermore, Jack Ma's speech also highlighted the importance of collaboration and cooperation in achieving common goals. He emphasized the need for companies, governments, and individuals to work together towards creating a better future for all. Jack Ma's call for unity and collective action underscored the idea that by working together, we can overcome even the greatest challenges.The issue of cooperation with the SDF Alliance gained renewed attention after reports emerged that the U.S. was considering the possibility of formally partnering with the group in a more official capacity. This move has raised concerns among U.S. allies in the region, particularly Turkey, which has been a vocal critic of the SDF due to its links with the PKK.

As Mr. Li stumbled into the house, his eyes misty and his words slurring, he made his way to where Lily was playing with her toys. With tears welling up in his eyes, he dropped to his knees and took Lily's hands in his own, looking up at her with a mixture of earnestness and drunkenness. "Lily, my dear sweet Lily," he began, his voice quivering with emotion, "promise me you will never, never, ever get married."Citron Research discloses short position in bitcoin buyer MicroStrategy By Reuters - Investing.comDaily Post Nigeria Nigeria can’t afford another civil war – Gowon Home News Politics Metro Entertainment Sport News Nigeria can’t afford another civil war – Gowon Published on November 30, 2024 By Matthew Atungwu A former Head of State, Gen.Yakubu Gowon (retd), has expressed worry over the incessant crises ravaging various parts of the country, saying Nigeria cannot afford another civil war. DAILY POST reports that the Nigerian Civil War, fought between 1967 and 1970, claimed millions of lives. Speaking at the Plateau Unity Christmas Carols and Praise Festival in Jos, Plateau, the retired General expressed worry over the state of insecurity, praying that Nigeria will not experience another civil disturbance. “All the various crises that we are having in Nigeria are so disturbing. This is something that God knows we should not be having after our Civil War. “I have said and I prayed to God that I hope Nigeria will not go through another period of crisis that we went through. “Let us pray to God that we are now beginning to see the end of all these crises. Pray to God so that God can touch the hearts of all those who are that way inclined to create problems,” he said Related Topics: gowon Don't Miss Controversy trails sale of Imo Press Centre You may like Alleged Coup Plot: I begged Abacha not to execute Obasanjo in 1995 – Gowon Gowon calls for prayers to end wanton destruction of lives in Nigeria Gowon gives reason for splitting Nigeria into 12 states Why l refused to align with any political party, join partisan politics – Gowon Gowon is Nigeria’s Winston Churchill – Obasanjo Biafran agitator Ekpa tackles Tinubu, Peter Obi over tributes to Gowon Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd

Justice for Samuel Luiz: Convictions in Homophobic Murder Case

Mikaela Shiffrin's bid for a milestone 100th alpine World Cup victory was on hold after the US superstar crashed out of the Killington giant slalom won by Sweden's Sara Hector on Saturday. Shiffrin, already the owner of the most World Cup victories in history, was poised to claim a once unimaginable century after topping the first-run times. She looked on course for the win when she crashed heavily in the second leg and Sweden's Olympic gold medaallist Hector emerged with the victory with a total of 1min 53.08sec. Shiffrin, whose mistake rounding a turn caused her to lose her balance and slide through a gate, lost one ski and careened into the catch-fencing. She was taken from the course on a sled, offering a wave to fans on her way. The extent of any possible injuries she might have suffered was not immediately known. "Mikaela took the sled down and is currently being evaluated," USA Ski & Snowboard said in a statement posted on X, formerly Twitter. "More info to come, but take solace in the fact that she asked about her splits." Shiffrin, 29, already has 13 more World Cup wins than the most successful man, Ingemar Stenmark, and 17 more than the second woman, compatriot Lindsey Vonn. Needing three wins to hit 100 to start the season, she bagged her 98th and 99th career titles with back-to-back slalom wins in Levi, Finland, and Gurgl, Austria. That gave her a chance to complete her century in front of home fans in Killington, not far from where she attended Burke Mountain Academy as a youngster. Shiffrin -- who has won six slaloms at Killington but never a giant slalom -- was greeted by ecstatic cheers as she crossed the finish line of the first leg atop the times. She was 17-hundredths of a second ahead of Hector after the second sector of her second run. But her day ended not in celebration but in the 21st "Did Not Finish" in her 274 career starts. Vonn, who has just announced plans to come out of retirement, posted on social media: "Hope @MikaelaShiffrin is OK." Hector was delighted with her win, while sympathetic to Shiffrin. "I'm very happy, after going through a difficult period," she said. "Obviously, I'm very sad for Mikaela who was skiing so well. "I saw her fall. My heart goes out to her," she added. Croatia's Zrinka Ljutic finished second, 54-hundredths of a second behind Hector, and Switzerland's Camille Rast was third, 1.05 seconds back. The women are scheduled to race a slalom on Sunday. bb

Nobody knows exactly what the stock market will do in 2025. But you may be able to stack the odds in your favor by adding the two fintech companies below to your portfolio. Investment sage Warren Buffett owns both of them -- and when it comes to maximizing upside potential, these stocks are some of the best you can consider now. But there are a few risks to be aware of before jumping aboard. So let's dive in and take a closer look at both. Never sell this fintech stock The best investments are the ones you can buy and hold for decades at a time. Nu Holdings ( NU 3.81% ) is one of those investments. There's a strong chance that the company will continue to grow by leaps and bounds for the rest of your lifetime. That's because its business model is structured to take advantage of a long-term opportunity in an area of the world where it faces little competition from other fintech providers. In a nutshell, Nu is a bank. But it's not just any bank. Unlike nearly all of its competitors, Nu operates solely through a smartphone, delivering banking, checking, credit card, debit card, insurance, crypto trading, and a whole host of other financial services. Don't other banks do that same thing? Not in the geography where Nu operates: Latin America. Nu was founded by David Velez, a former employee of Sequoia Capital, one of the most successful venture capital firms in history. When scouting for investment opportunities in the Latin America region, he discovered that the financial services industry was controlled by a handful of stodgy competitors. These banks operated a huge network of costly physical branches, passing on their excess costs to consumers. In response, Velez founded Nu with the goal of offering its services directly through smartphones. This cut out a lot of costs, and those savings were passed onto its customers. There was clearly pent up demand for a company like Nu. Over the past decade, it has gone from essentially zero customers to more than 100 million. With more than 650 million residents, Latin America provides a long runway for growth. Competition will heat up over time, and newer markets may not be as lucrative as Brazil, Mexico, and Colombia -- Nu's first three markets. But this is a company that has a recipe for growth, with a proven record of doing so. Need more proof that Nu is built for the long haul? Warren Buffett has owned more than $1 billion in shares since its initial public offering (IPO). And despite the stock's heavy volatility, he has yet to sell a single share. Shares look pricey at 37 times earnings. But this growth story is just getting started. Warren Buffett also loves this iconic stock Speaking of Warren Buffett , the Oracle of Omaha has another fintech stock in his portfolio that all investors should be taking a closer look at now. This company is one of the most iconic American businesses of all time: Visa ( V 0.01% ) . Visa is the perfect example of a business that benefits from network effects . The more people who use Visa cards, the more valuable the card becomes to merchants. And the more merchants who accept Visa, the more valuable the card becomes for consumers. It's a virtuous cycle that has propelled Visa to a dominant market position. According to data compiled by Statista, the company has 61% market share in the U.S. Just three companies control the remainder of the market -- one of the most concentrated markets you'll find at this scale. Because Visa's business model largely runs off software, it has become incredibly profitable as it has scaled. Profit margins are above 50%, while returns on equity are also around 50%. The valuation, however, is quite cheap at 35 times earnings -- only a small premium to the S&P 500 's valuation. Visa isn't without its challenges. The Department of Justice recently opened a case against the company, charging it with anticompetitive practices. But large credit and debit card operators have dealt with similar legal challenges in the past. None of these challenges have derailed them from their dominant market positions. Does Visa have as much upside potential as Nu? With a $600 billion market cap, likely not. But this is still a wonderful business to own for 2025 and beyond. And besides, betting alongside Buffett is usually a wise move.The execution target of over 9.11 million RMB represents a substantial sum that the company is obligated to pay as a result of the court's decision. This financial burden, coupled with the negative publicity surrounding the legal proceedings, has cast a shadow of uncertainty over the future prospects of Nezha Motor Company.

In the wake of this tragic event, there is a renewed sense of urgency to address the root causes of violence and inequality in our society. Only by confronting these issues head-on can we hope to prevent future tragedies and create a more just and equitable world for all.

The matchup between Dragon Lake Shine and the defending champion was a highly anticipated event, with many expecting the reigning champion to continue their dominance. However, Dragon Lake Shine defied the odds and emerged victorious, showcasing a level of skill and determination that took many by surprise.In a recent analysis, Schiller unveiled his selection of the best lineup from Round 15, with some familiar faces and a few surprising additions making the cut. Without further ado, let's dive into Schiller's evaluation and explore the standout performers of the week.

6. Seek Professional Help: If you suspect a carbon monoxide leak in your home, evacuate the premises and contact a qualified professional to inspect and address the issue.In a thrilling match that ended in a 0-0 draw, Manchester United goalkeeper Dean Henderson displayed confidence and determination that resonated throughout his team. Speaking after the game, Henderson reflected on the result and shared his belief in the team's ability to achieve victory against Manchester City.The final matchday of the UEFA Champions League group stage is upon us, with some thrilling encounters set to take place on December 11th. Among the standout fixtures are Real Madrid taking on Atalanta and Inter Milan facing off against Bayer Leverkusen.

After announcing he would not return to Congress, Matt Gaetz appears to be trying out a new career option: creating personalized videos for his fans on Cameo. Gaetz, a former Florida representative, joined the platform Friday, a day after he withdrew his name from consideration to serve as President-elect Donald Trump’s attorney general amid sexual misconduct allegations. There, he’s been doling out paid holiday wishes, marriage congratulations and career pep talks. As of Sunday night, Gaetz is charging a minimum of $550 per video, which so far have averaged about a minute and a half in length. “I served in Congress,” his Cameo page reads, alluding to his recent resignation and subsequent announcement that he does not plan to retake his House seat. “Trump nominated me to be US Attorney General (that didn’t work out). Once I fired the House Speaker.” The speaker he "fired" hints at his feud with Kevin McCarthy, whom he played a pivotal role in ousting last year when Gaetz forced a House vote that led to McCarthy's removal from office. A representative for Gaetz did not immediately respond to a request for comment. Gaetz announced Thursday his decision to take himself out of the running for attorney general, writing on X , “While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition.” His potential appointment was overshadowed by several allegations of sexual misconduct, including allegations that he had sex with a 17-year-old at a party in 2017 . He was also investigated by the Justice Department — which he would have led had he been confirmed — related to allegations of sex trafficking and sex with a minor. Gaetz has vehemently denied allegations of sexual misconduct, and the investigation ended with no charges against him. Gaetz’s resignation last week also effectively ended a House Ethics Committee investigation into the allegations against him, which had been ongoing intermittently since 2021. Cameo, the celebrity video message app, which launched in 2017, allows users to purchase custom shoutouts from famous figures who join the app. Fans on Cameo commonly request these videos, priced by the celebrities themselves, for special occasions such as birthdays, anniversaries and graduations. Despite facing some financial trouble in recent years, Cameo has remained a fixture for some public figures seeking an extra source of income. It’s become a notorious marketplace for fan-requested videos from pop culture’s most dramatic and villainized personalities, which often go viral when posted to social media platforms like TikTok and X. In one video, Gaetz, a Republican, filmed himself congratulating a recipient for making partner at their law firm while acknowledging their political differences. “Look, I know your politics and mine may not align specifically, but you know, our career trajectories might not be either. I mean, here you are making partner, and my legal career took a little bit of a different turn this last week,” Gaetz said. “But you know what? Work hard, get paid a lot of money, do a lot of great things as a practitioner and counselor at law, and you know, you never know. You could be an attorney general nominee, too.” Other videos feature Gaetz thanking his recipients for “backing President Trump and all of our efforts to save the country” and being “there for MAGA.” He also roasted one recipient for “betting on things like... Kamala Harris to be the President of the United States. You got to get better habits for that — bet on Trump.” Gaetz is following in the footsteps of other embattled politicians such as former Rep. George Santos , who turned to the platform after he was ousted from the House late last year amid allegations of wire fraud and identity theft. Earlier this year, Santos made his drag queen persona available on the app as well. He has since pleaded guilty to a pair of felony fraud charges. Also on Cameo are Rod Blagojevich, the former Illinois governor who was removed from office and incarcerated on charges of public corruption, and Rudy Giuliani, the former New York City mayor who was indicted on charges related to alleged efforts to overturn the 2020 presidential election results in Georgia. Giuliani has pleaded not guilty to the charges in the Georgia election interference case. He was also found liable for defaming two Georgia election workers . Michael Cohen, Trump’s former attorney who pleaded guilty to and served time in prison for federal crimes, is also active on the app. Other political figures on Cameo include former Alaska governor Sarah Palin, former Trump campaign manager Corey Lewandowski and Fox News commentator Tomi Lahren. This article first appeared on NBCNews.com . Read more from NBC News here:As Marvel's Strike Force continues to grow in popularity and expand its player base, the collaboration between NetEase and Marvel is poised to continue bearing fruit. With new content updates, features, and events planned for the game's future, fans can look forward to even more exciting adventures in the Marvel universe. The success of Marvel's Strike Force serves as a testament to the power of creative partnerships and the enduring appeal of Marvel's legendary characters.

The key battles to watch out for in this upcoming fixture include the midfield duel between Casemiro and Atalanta's Remo Freuler, as well as the showdown between Real Madrid's defense and Atalanta's dynamic attacking trio of Duvan Zapata, Luis Muriel, and Josip Ilicic.But Wang Chuqin's success is not just a product of his individual talents - it is also a testament to the strength of the Chinese table tennis team as a whole. With a roster of talented players and world-class coaches, the Chinese team continues to dominate the international table tennis scene, setting the standard for excellence in the sport.Forde-Yard Dash: Making Sense of College Football Playoff Scenarios - Sports Illustrated

Driven by a desire to express his emotions and share his story with the world, the younger brother turned to sculpture as a form of catharsis. The creation of the sculpture depicting the man with the bottle of milk tainted with blood was his way of immortalizing that fateful moment and the profound impact it had on his life.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 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