---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-25-000110"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2025-08-28T23:59:59+00:00"
generated_at: "2026-05-17T09:33:51.968428+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gap Q2 EPS up 6% to $0.57; comp sales +1% for 6th straight quarter

## Summary
- Net sales flat at $3.7B; comparable sales +1% YoY; online sales +3% to 34% of total.
- Gross margin 41.2%, down 140 bps YoY; merchandise margin down 150 bps on tariff/credit card partner lapping.
- Athleta comparable sales -9% (net sales -11%); Gap +4%, Old Navy +2%, Banana Republic +4%.
- Free cash flow $127M; cash and short-term investments $2.4B, up 13% YoY.
- FY2025 outlook: net sales growth 1-2%, operating margin 6.7-7.0% including ~100-110 bps tariff impact.

## SEC filing metadata
- accession: 0000039911-25-000110
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2025-08-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000003991125000110/0000039911-25-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991125000110/gps-20250828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-25-000110
- JSON: https://secwatch.observer/filing/0000039911-25-000110.json
- Plain text: https://secwatch.observer/filing/0000039911-25-000110.txt

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