---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-22-000070"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2022-08-25T23:59:59+00:00"
generated_at: "2026-06-23T21:30:10.803974+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gap Inc. posts Q2 net loss of $49M; sales down 8%, inventory up 37%

## Summary
- Bob Martin (Executive Chairman) named Interim President & CEO; search for permanent CEO underway.
- Net sales $3.86B, down 8% YoY; comparable sales down 10%.
- Reported operating loss $28M; adjusted operating income $65M; gross margin down 730bps.
- Inventory $3.1B, up 37%; $58M inventory impairment charge.
- Diluted loss per share $0.13; adjusted EPS $0.08; transitory air freight impact $0.10.

## SEC filing metadata
- accession: 0000039911-22-000070
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2022-08-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000003991122000070/0000039911-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991122000070/gps-20220825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-22-000070
- JSON: https://secwatch.observer/filing/0000039911-22-000070.json
- Plain text: https://secwatch.observer/filing/0000039911-22-000070.txt

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