---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-24-000176"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2024-08-29T23:59:59+00:00"
generated_at: "2026-05-31T07:03:48.596518+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gap Inc. Q2 net sales up 5% to $3.7B, EPS $0.54; raises FY gross margin and op income outlook

## Summary
- Net sales $3.7B, up 5% YoY; comparable sales up 3% driven by Old Navy and Gap.
- Gross margin 42.6%, up 500 bps; operating margin 7.9% vs 2.9% last year.
- Net income $206M, diluted EPS $0.54; free cash flow $397M.
- Old Navy net sales +8% (comp +5%); Athleta comp -4%, expects positive remainder of year.
- FY2024 outlook: gross margin ~200 bps expansion; operating income growth mid-to-high 50%.

## SEC filing metadata
- accession: 0000039911-24-000176
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2024-08-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/39911/000003991124000176/0000039911-24-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991124000176/gps-20240829.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-24-000176
- JSON: https://secwatch.observer/filing/0000039911-24-000176.json
- Plain text: https://secwatch.observer/filing/0000039911-24-000176.txt

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