secwatch.observer — SEC 8-K summary
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Issuer:     GAP INC (GAP)
CIK:        0000039911
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000039911-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39911/000003991124000014/0000039911-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39911/000003991124000014/gps-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000039911-24-000014

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