The Gap, Inc. (NYSE:GPS) Q2 2022 Results Conference Call August 25, 2022 5:00 PM ET

Company Participants

Cammeron McLaughlin - Head-Investor Relations

Bobby Martin - Chief Executive Officer

Katrina O’Connell - Chief Financial Officer

Conference Call Participants

Lorraine Hutchinson - Bank of America

Matthew Boss - JPMorgan

Bob Drbul - Guggenheim Partners

Brooke Roach - Goldman Sachs

Dana Telsey - Telsey Advisory Group

Mark Altschwager - Baird

Oliver Chen - Cowen

Simeon Siegel - BMC

Paul Levy - Citigroup

Janet Kloppenburg - JJK Research

Marni Shapiro - Retail Tracker

Operator

Good afternoon, ladies and gentlemen. My name is Austin, and I shall be your conference operator today. I would like to welcome everyone to The Gap Inc., Second Quarter ‘22 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 second 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 2 of the slides shown on the Investors section of our website, gapinc.com, which supplement today’s remarks and the risk factors described in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission on March 15, 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, August 25, 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, Cameron, and good afternoon everyone. It’s a pleasure to speak with you all. I want to provide some brief remarks before turning it over to Katrina to cover our second quarter results and outlook. While we search for a new leader, I’m taking on the role as Interim President and Chief Executive Officer of Gap Inc., with a deep commitment to the Company’s success and in inpatients for change.