secwatch.observer — SEC 8-K summary
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Issuer:     GAP INC (GAP)
CIK:        0000039911
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0000039911-22-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gap Inc. Q4 adjusted loss $0.02; FY2021 adj. EPS $1.44; guides FY2022 adj. EPS $1.85-$2.05
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- Q4 net sales $4.5B, down 3% vs 2019; online 43% of sales; adjusted diluted loss per share $0.02.
- FY2021 net sales $16.7B, up 21% YoY, up 2% vs 2019; adjusted diluted EPS $1.44.
- FY2022 outlook: reported diluted EPS $1.95-$2.15; adjusted diluted EPS $1.85-$2.05.
- Dividend raised 25% to $0.15/share; Q4 air freight impact ~$275M (600 bps on margin).
- Old Navy crossed $9B in annual sales; Athleta net sales up 48% vs 2019.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39911/000003991122000005/0000039911-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39911/000003991122000005/gps-20220303.htm
  HTML page:      https://secwatch.observer/filing/0000039911-22-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer