---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-25-000075"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2025-05-29T23:59:59+00:00"
generated_at: "2026-05-20T07:01:07.272140+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gap Inc. Q1 net sales $3.5B (+2% YoY), EPS $0.51; raises FY2025 outlook despite tariff headwinds

## Summary
- Q1 net sales $3.5B (+2% YoY), comparable sales +2%; net income $193M, diluted EPS $0.51.
- Operating margin 7.5% (+140 bps YoY); gross margin 41.8% (+60 bps).
- Old Navy comp +3% (9th consecutive market share gains); Gap comp +5% (6th consecutive positive comp).
- Athleta comp -8%, Banana Republic flat; online sales +6%, 39% of total.
- FY2025 outlook: net sales +1%-2%, operating income +8%-10% (excl. tariff); net tariff impact ~$100M-$150M, back-half weighted.

## SEC filing metadata
- accession: 0000039911-25-000075
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2025-05-29T23:59:59+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/39911/000003991125000075/0000039911-25-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991125000075/gps-20250529.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-25-000075
- JSON: https://secwatch.observer/filing/0000039911-25-000075.json
- Plain text: https://secwatch.observer/filing/0000039911-25-000075.txt

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