Gap, Inc
A clothing retailer that runs four brands — Old Navy, Gap, Banana Republic, and Athleta — spanning family basics, premium workwear, and women's activewear. It began in 1969 when Donald and Doris Fisher, frustrated they couldn't find well-fitting Levi's jeans, opened their first San Francisco store, which also sold vinyl records. The name came from the "generation gap" of the 1960s.
10-Q · Quarter ended May 2, 2026 · SEC filing ↗
A one-off litigation gain drove to $445M, the highest in the table's history. rose 1.0% to $3.50B and rose 76.5% to $0.90, but fell 1.3 points to 40.5% as tariff costs added about 200 to . The underlying business grew modestly while tariff pressure and the absence of recurring settlement income shape the quarters ahead.
Q1 FY2026 net sales rose 1% to $3.5B, but gross margin fell 130 bps to 40.5% on tariff costs; operating income surged on a $313M litigation gain.
Our market risk profile as of January 31, 2026 is disclosed in our Annual Report on Form 10-K and has not significantly changed. See Notes 3, 4, and 5 of Notes to Condensed Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q, for disclosures on our deb…
Our market risk profile as of January 31, 2026 is disclosed in our Annual Report on Form 10-K and has not significantly changed. See Notes 3, 4, and 5 of Notes to Condensed Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q, for disclosures on our debt and credit facilities, investments, and derivative financial instruments. 20
Read original filing text →As a multinational company, we are subject to various proceedings, lawsuits, disputes, and claims ("Actions") arising in the ordinary course of our business. Many of these Actions raise complex factual, tax, and legal issues, and are subject to uncertainties. Actions filed again…
As a multinational company, we are subject to various proceedings, lawsuits, disputes, and claims ("Actions") arising in the ordinary course of our business. Many of these Actions raise complex factual, tax, and legal issues, and are subject to uncertainties. Actions filed against us from time to time include commercial, intellectual property, customer, employment, securities, and data privacy claims, including class action lawsuits. The plaintiffs in some Actions seek unspecified damages or injunctive relief, or both. Actions are in various procedural stages, and some are covered in part by insurance. We cannot predict with assurance the outcome of Actions brought against us. Accordingly, developments, settlements, or resolutions may occur and impact operations in the quarter of such development, settlement, or resolution. However, we do not believe that the outcome of any current Action would have a material effect on our financial results.
Read original filing text →There have been no material changes in our risk factors from those disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended January 31, 2026.
There have been no material changes in our risk factors from those disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended January 31, 2026.
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