The Gap, Inc. (NYSE:GPS) Q3 2022 Earnings Conference Call November 17, 2022 5:00 PM ET

Company Participants

Cammeron McLaughlin - Head, Investor Relations

Bobby Martin - Interim Chief Executive Officer

Katrina O'Connell - Chief Financial Officer

Conference Call Participants

Lorraine Hutchinson - Bank of America

Bob Drbul - Guggenheim

Alex Straton - Morgan Stanley

Paul Lejuez - Citi

Mark Altschwager - Baird

Brooke Roach - Goldman Sachs

Oliver Chen - Cowen

Jesse Sobelson - Wells Fargo

Matthew Boss - JPMorgan

Corey Tarlowe - Jefferies

Janet Kloppenburg - JJK Research

Operator

Good afternoon, ladies and gentlemen. My name is Brent, and I will be your conference operator today. I would like to welcome everyone to the Gap, Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]

I would now like to introduce your host, Cammeron McLaughlin, Head of Investor Relations. Cammeron, you may proceed.

Cammeron McLaughlin

Good afternoon, everyone. Welcome to Gap, Inc.’s third quarter fiscal 2022 earnings conference call. Before we begin, I’d like to remind you that the information made available on this webcast and 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 information included on page two of the slides shown on the Investors section of our website, gapinc.com, which supplement today’s remarks, the risk factors described in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 15th, 2022, 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, November 17th, 2022 and we assume no obligation to publicly update or revise our forward-looking statements.

Joining me on the call today are Interim Chief Executive Officer, Bobby Martin; and Chief Financial Officer, Katrina O’Connell.

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

Bobby Martin

Thank you, Cammeron, and good afternoon, everyone. After four months as Interim President and CEO, I have even deeper conviction that we have a portfolio of iconic brands that our customers love, an increased confidence in our platform to drive leverage and economies of scale, and belief in this team's ability to deliver. We know where we've gotten things wrong and the team and I are at work to correct them.