---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-24-000014"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:02:38.290898+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "medium"
source: SEC EDGAR
---

# Gap Q4 net sales up 1% to $4.3B; EPS $0.49; full-year operating cash flow $1.5B

## Summary
- Q4 net sales $4.3B (+1% YoY, flat comparable); gross margin 38.9% (+530bps); net income $185M ($0.49 EPS).
- Full-year net sales $14.9B (-5%); comparable sales -2%; reported operating income $560M (3.8% margin).
- Full-year operating cash flow $1.5B; free cash flow $1.1B; cash balance $1.9B (up 54%).
- Board approved Q1 FY2024 dividend of $0.15/share, unchanged from prior quarter.

## SEC filing metadata
- accession: 0000039911-24-000014
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000003991124000014/0000039911-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991124000014/gps-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-24-000014
- JSON: https://secwatch.observer/filing/0000039911-24-000014.json
- Plain text: https://secwatch.observer/filing/0000039911-24-000014.txt

## Key facts
- Earnings Releases
  GAP INC reported the fourth quarter and fiscal year ended February 3, 2024 results: revenue Net sales of $4.3 billion, net income Net income of $185 million, EPS diluted earnings per share of $0.49.
  - Period: the fourth quarter and fiscal year ended February 3, 2024
  - Revenue: Net sales of $4.3 billion
  - Net income: Net income of $185 million
  - EPS: diluted earnings per share of $0.49
  - Result: reported results
  source text: and the fiscal year include the additional week, while comparable sales calculations exclude the additional week. Fourth Quarter Fiscal 2023 - Financial Results • Net sales of $4.3 billion were up 1% compared to last year, inclusive of an estimated 2 percentage points of negative impact from the sale of Gap China. The addition of the 53rd week contributed
  evidence_url: https://www.sec.gov/Archives/edgar/data/39911/000003991124000014/0000039911-24-000014-index.htm

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