{"schema_version":"secwatch.filing_event.v1","accession":"0000039911-23-000130","form_type":"8-K","ticker":"GAP","cik":"0000039911","company_name":"GAP INC","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.682539+00:00","generated_at":"2026-06-08T01:37:04.366677+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gap Inc. Q3 net sales $3.8B (-7% YoY); adjusted EPS $0.59; gross margin up 390 bps","bullets":["Net sales $3.8B (-7% YoY, incl. ~2pp negative from Gap China sale); comparable sales -2%.","Gross margin 41.3% (+390 bps reported); merchandise margin +460 bps; inventory -22% YoY.","Reported net income $218M ($0.58 diluted EPS); adjusted net income $221M ($0.59 adjusted EPS).","Adjusted operating income $255M (6.8% margin) excludes $5M restructuring; operating margin improved.","Cash and equivalents $1.4B (+99% YoY); free cash flow YTD $544M; Q4 dividend $0.15/share maintained."],"urls":{"canonical":"https://secwatch.observer/filing/0000039911-23-000130","json":"https://secwatch.observer/filing/0000039911-23-000130.json","markdown":"https://secwatch.observer/filing/0000039911-23-000130.md","text":"https://secwatch.observer/filing/0000039911-23-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000130/0000039911-23-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000130/gps-20231116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:37:04.366677+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":"ce27afda633d745345513a35980f20aec734eab0","claim":"GAP INC reported third quarter ended October 28, 2023 results: revenue $3.8 billion, net income $218 million, EPS $0.58.","evidence_excerpt":"and reviving our culture for success,” said Gap Inc. President and Chief Executive Officer, Richard Dickson. Third Quarter Fiscal 2023 – Financial Results • Net sales of $3.8 billion, down 7% compared to last year, inclusive of an estimated 2 percentage points of negative impact from the sale of Gap China. ◦ Comparable sales were down 2%. ◦ Store sales","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000130/0000039911-23-000130-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended October 28, 2023"},{"label":"Revenue","value":"$3.8 billion"},{"label":"Net income","value":"$218 million"},{"label":"EPS","value":"$0.58"},{"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"}