{"schema_version":"secwatch.filing_event.v1","accession":"0000039911-23-000039","form_type":"8-K","ticker":"GAP","cik":"0000039911","company_name":"GAP INC","filed_at":"2023-05-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.841209+00:00","generated_at":"2026-06-14T15:06:05.681735+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gap Q1 net sales $3.28B down 6%; reported loss $0.05, adj EPS $0.01","bullets":["Net sales $3.28B (-6% YoY); comparable sales -3%; online sales -9% to 37% of total.","Reported operating loss $10M; adjusted operating income $18M (0.5% margin) vs prior-year loss.","Adjusted diluted EPS $0.01, excluding $28M net charges from building gain and restructuring.","Inventory down 27% to $2.3B; cash up 38% to $1.2B; Q2 dividend $0.15/share maintained.","Old Navy and Gap Brand gained share; CEO search continues under interim CEO Bob Martin."],"urls":{"canonical":"https://secwatch.observer/filing/0000039911-23-000039","json":"https://secwatch.observer/filing/0000039911-23-000039.json","markdown":"https://secwatch.observer/filing/0000039911-23-000039.md","text":"https://secwatch.observer/filing/0000039911-23-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000039/0000039911-23-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000039/gps-20230525.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T15:06:05.681735+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5f2806a87b94b177eda9124049a83fb7338abb9d","claim":"GAP INC reported first quarter of fiscal 2023 ended April 29, 2023 results: revenue $3.28 billion, net income $18 million, EPS $0.05.","evidence_excerpt":"passion, vision and an unwavering focus on the customer,” said Mayo Shattuck, Lead Independent Director, Gap Inc. First Quarter Fiscal 2023 – Financial Results • Net sales of $3.28 billion, down 6% compared to last year, inclusive of an estimated 1-point foreign exchange headwind and 2 percentage points of negative impact from the sale of Gap China. Net sales were","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000039/0000039911-23-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2023 ended April 29, 2023"},{"label":"Revenue","value":"$3.28 billion"},{"label":"Net income","value":"$18 million"},{"label":"EPS","value":"$0.05"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}