---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-038825"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2026-05-28T20:16:53+00:00"
generated_at: "2026-05-28T20:23:41.674496+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gap Inc. Q1 net sales up 1% to $3.5B; adj. EPS $0.38; raises full-year EPS outlook

## Summary
- Net sales $3.5B (+1% YoY), comparable sales +2% (9th consecutive quarter).
- Adj. diluted EPS $0.38 (excl. $313M legal settlement gain & $50M donation); GAAP EPS $0.90.
- Gross margin 40.5% (-130bps YoY) but exceeded outlook; merchandise margin impacted by ~200bps tariff.
- Returned $464M to shareholders via buybacks ($401M) and dividends ($63M); quarterly dividend $0.175/share.
- Raises full-year EPS guidance; free cash flow $78M; cash & investments $2.6B (+15% YoY).

## SEC filing metadata
- accession: 0001628280-26-038825
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2026-05-28T20:16:53+00:00
- event_type: earnings
- sentiment: positive
- 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/39911/000162828026038825/0001628280-26-038825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000162828026038825/gps-20260528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-038825
- JSON: https://secwatch.observer/filing/0001628280-26-038825.json
- Plain text: https://secwatch.observer/filing/0001628280-26-038825.txt

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