Gap Inc. Reports Q2 2026 Results; Old Navy CEO to Step Down

What Happened

• Gap Inc. filed an 8-K on August 27, 2026 announcing its earnings for the second quarter of fiscal 2026 (period ended August 1, 2026) via a press release. The filing also announced a leadership change at Old Navy: Horacio “Haio” Barbeito will step down as President and CEO of Old Navy effective November 2, 2026, and Michael Francis will succeed him on that date.

Key Details

• Earnings press release for Q2 FY2026 was issued August 27, 2026 and is furnished as Exhibit 99.1 to the 8-K.
• Horacio “Haio” Barbeito will be eligible for separation benefits under the Company’s Senior Executive Severance Plan and will remain as an Executive Advisor through January 30, 2027.
• Michael Francis, currently Chief Customer Officer, Old Navy and Head of Marketing Shared Services, Gap Inc., will become President and CEO of Old Navy effective November 2, 2026.
• The leadership transition was disclosed in a separate press release furnished as Exhibit 99.2 to the 8-K.

Why It Matters

• The 8-K confirms Gap issued its quarterly results (earnings/revenue details are in the earnings press release). Investors should review the earnings release for revenue, profit, same-store sales, and other metrics to assess performance for Q2 FY2026.
• The Old Navy CEO change is material for investors because Old Navy is a major Gap Inc. brand; a new CEO and interim advisory period could affect strategy, marketing and operations. The filing specifies timing and separation terms, reducing uncertainty about immediate leadership and transition arrangements.