Question: Please give analysis and strategy from below. It is the 2021 performance along with 2022 & 2023 projected performance of Gap Inc. INCOME STATEMENT 2021
Please give analysis and strategy from below.
It is the 2021 performance along with 2022 & 2023 projected performance of Gap Inc.
| INCOME STATEMENT | 2021 | 2022 | 2023 |
| 2021 | 2022 | 2023 | |
| Sales/revenue | 13,800.00 | 16,670.00 | 19,050.00 |
| COGS | 9,108.00 | 10,018.00 | 11,021.00 |
| Gross income | 4,692.00 | 6,652.00 | 8,029.00 |
| Expenses | |||
| SG&A | 5,003.00 | 5,854.00 | 5,500.00 |
| R&D | 46.00 | 41.00 | 55.00 |
| Other SG&A | 4,957.00 | ||
| Unusual expense | 584.00 | 334.00 | 510.00 |
| non operating income expense | (15.00) | 26.00 | 15.00 |
| interest | 192.00 | 167.00 | 200.00 |
| Pretax income | (1,102.00) | 323.00 | 350.00 |
| income tax | (437.00) | 67.00 | 112.00 |
| EBITDA | 196.00 | 1,302.00 | 1,410.00 |
| EBIT | (311.00) | 798.00 | 912.00 |
| Net income | (665.00) | 256.00 | 1,287.00 |
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