Gap forecast fiscal 2022 adjusted earnings per share between $1.85 and $2.05, above Refinitiv IBES estimates of $1.86. It also expects to benefit from tie-ups with Walmart to sell home goods and with rapper Kanye West to launch new styles. The strong outlook contrasts those from rivals Abercrombie & Fitch and American Eagle Outfitters, which have warned of freight expenses pressuring their margins in the first half of 2022. In the near term, Gap is not immune to the industry-wide supply snags either.