GAP INC
For the period ended Aug 27, 2026. Filed Aug 27, 2026.
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Aug 27, 2026 · Filed Aug 27, 2026
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GAP$21.48-4.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| 13 Weeks Ended | 26 Weeks Ended | |||
|---|---|---|---|---|
| ($ and shares in millions except per share amounts) | August 1, 2026 | August 2, 2025 | August 1, 2026 | August 2, 2025 |
| Net sales | $3,651 | $3,725 | $7,148 | $7,188 |
| Cost of goods sold and occupancy expenses | 1,722 | 2,189 | 3,802 | 4,204 |
| Gross profit | 1,929 | 1,536 | 3,346 | 2,984 |
| Operating expenses | 1,253 | 1,244 | 2,225 | 2,432 |
| Operating income | 676 | 292 | 1,121 | 552 |
| Interest, net | (4) | (4) | (9) | (7) |
| Income before income taxes | 680 | 296 | 1,130 | 559 |
| Income tax expense | 179 | 80 | 290 | 150 |
| Net income | $501 | $216 | $840 | $409 |
| Weighted-average number of shares - basic | 355 | 373 | 361 | 374 |
| Weighted-average number of shares - diluted | 362 | 379 | 371 | 381 |
| Earnings per share - basic | $1.41 | $0.58 | $2.33 | $1.09 |
| Earnings per share - diluted | $1.38 | $0.57 | $2.26 | $1.07 |
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