{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-059262","form_type":"8-K","ticker":"GAP","cik":"0000039911","company_name":"GAP INC","filed_at":"2026-08-27T20:22:34+00:00","discovered_at":"2026-08-27T20:24:00.370161+00:00","generated_at":"2026-08-27T20:24:14.525422+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Gap Q2 beats profit expectations, raises FY EPS outlook; Old Navy CEO transition","bullets":["Net sales $3.7B, down 2% YoY; comparable sales -1%; store sales -3%, online -1%.","Adjusted operating income $259M (7.1% margin) vs expectations; reported operating income $676M incl. IEEPA tariff recovery.","Adjusted EPS $0.52; net income $501M, diluted EPS $1.38; raised FY EPS outlook.","Returned $726M to shareholders YTD via buybacks and dividends; quarterly dividend $0.175/share.","Haio Barbeito steps down as Old Navy CEO Nov 2; succeeded by Michael Francis (current Chief Customer Officer, Old Navy)."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-059262","json":"https://secwatch.observer/filing/0001628280-26-059262.json","markdown":"https://secwatch.observer/filing/0001628280-26-059262.md","text":"https://secwatch.observer/filing/0001628280-26-059262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39911/000162828026059262/0001628280-26-059262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39911/000162828026059262/gps-20260827.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-27T20:24:14.525422+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"80723d2d0d","claim":"Horacio \"Haio\" Barbeito departed as President and Chief Executive Officer of Old Navy at GAP INC.","evidence_excerpt":"On August 27, 2026, the Company issued a press release (the “Transition Press Release”) announcing that Horacio “Haio” Barbeito will be stepping down from his role as President and Chief Executive Officer of Old Navy, effective November 2, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39911/000162828026059262/0001628280-26-059262-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepping down"},{"label":"Role","value":"President and Chief Executive Officer of Old Navy"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}