The Gap, Inc. (NYSE:GPS) Q2 2023 Earnings Conference Call August 24, 2023 5:00 PM ET

Company Participants

Emily Gacka - Director of Investor Relations

Bobby Martin - Executive Chair

Richard Dickson - Chief Executive Officer

Katrina O’Connell - Chief Financial Officer

Conference Call Participants

Matthew Boss - JPMorgan

Paul Lejuez - Citigroup Inc.

Alex Straton - Morgan Stanley

Lorraine Hutchinson - Bank of America

Jonna Kim - TD Cowen

Bob Drbul - Guggenheim Securities

Corey Tarlowe - Jefferies

Adrienne Yih - Barclays

Dana Telsey - Telsey Advisory Group

Brooke Roach - Goldman Sachs

Operator

Good afternoon, ladies and gentlemen. My name is Brianna, and I will be your conference operator today. I would like to welcome everyone to the Gap Inc. Second Quarter 2023 Earnings Conference Call. [Operator Instructions]

I would now like to turn your call over and introduce your host, Emily Gacka, Director of Investor Relations.

Emily Gacka

Good afternoon, everyone. Welcome to Gap Inc.’s second quarter fiscal 2023 earnings conference call.

Before we begin, I’d like to remind you that the information made available on this conference call contains forward-looking statements that are subject to risks that could cause our actual results to be materially different. For information on factors that could cause our actual results to differ materially from any forward-looking statements as well as the description and reconciliation of any financial measures not consistent with generally accepted accounting principles, please refer to the cautionary statements contained in our latest earnings release. The risk factors described in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2023 and any subsequent filings with the Securities and Exchange Commission, all of which are available on gapinc.com. These forward-looking statements are based on information as of today, August 24, 2023, and we assume no obligation to publicly update or revise our forward-looking statements.

Joining me on the call today are Executive Chair, Bob Martin; Chief Executive Officer, Richard Dickson; and Chief Financial Officer, Katrina O’Connell.

With that, I’ll turn the call over to Bob.

Bobby Martin

Thank you, Emily, and good afternoon, everyone. Before Katrina shares our second quarter results, I have the pleasure of welcoming our new CEO, Richard Dickson, to the call. There’s no denying that Richard was destined for this role at this moment. His experience as a transformational brand builder makes him a perfect fit for this great company. He is uniquely qualified to lead and carry out the transformative work already underway and more importantly, he is the right leader for tomorrow, defining the future of Gap Inc. Appointed to our Board of Directors in November of 2022, he’s had a view into how we are changing the way we work and the results we deliver. But what energizes him most is building a new legacy for our renowned portfolio of brands, one that matters to our customers, employees and shareholders.