---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-21-000105"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2021-08-26T23:59:59+00:00"
generated_at: "2026-06-29T07:40:34.636160+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gap Inc. Q2 net sales $4.2B (+5% vs 2019); raises FY EPS guidance to $1.90-$2.05

## Summary
- Q2 comparable sales up 12% vs 2019; Old Navy +21%, Athleta +35%, Gap -10%, Banana Republic -15%.
- Reported EPS $0.67; adjusted EPS $0.70; adjusted operating margin 10.2% (+190 bps vs 2019).
- FY 2021 guidance raised: sales growth ~30% vs 2020; adjusted EPS $2.10-$2.25; adjusted operating margin ~7.5%.
- Online sales +65% vs 2019, now 33% of total; year-to-date free cash flow $523M.
- Repurchased $55M shares in Q2; plans to repurchase up to $200M in FY 2021.

## SEC filing metadata
- accession: 0000039911-21-000105
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2021-08-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000003991121000105/0000039911-21-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991121000105/gps-20210826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-21-000105
- JSON: https://secwatch.observer/filing/0000039911-21-000105.json
- Plain text: https://secwatch.observer/filing/0000039911-21-000105.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.