Gap Inc. F1Q09 (Qtr End 05/02/09) Earnings Call Transcript

Gap Inc. (GPS) F1Q09 Earnings Call May 21, 2009 5:00 PM ET

Executives

Evan Price – Vice President, Investor Relations
Glenn K. Murphy – Chief Executive Officer
Sabrina L. Simmons – Chief Financial Officer

Analysts

Janet Kloppenburg - JJK Research
Jeffrey Black - Barclays Capital
Stacy Pak – SP Research
Dorothy Lakner - Caris & Company
Richard Jaffe - Stifel Nicolaus
Laura Champine - Cowen & Company
Marni Shapiro - The Retail Tracker
Jennifer Black – Jennifer Black & Associates
Paul Lejuez - Credit Suisse
Brian Tunick - J.P. Morgan
Jeffrey Klinefelter - Piper Jaffray
Kimberly Greenberger - Citigroup
Dana Telsey - Telsey Advisory Group
Adrienne Tennant - Fbr Capital Markets

Operator

At this time I would like to welcome everyone to the Gap Inc. first quarter 2009 conference call. (Operator Instructions) I would now like to introduce your host, Evan Price, Vice President of Investor Relations.

Evan Price

Good afternoon, everyone. Welcome to Gap Inc.'s first quarter 2009 earnings conference call. For those of you participating in the Web cast, please turn to Slides 2 and 3. I'd like to remind you that the information made available on this Web cast and conference call contains forward-looking statements, including those identified in today's earnings press release, which is available on GapInc.com as well as other statements that express our expectations, anticipations, beliefs, estimates, intentions, plans and forecasts. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. Information regarding factors that could cause our results to differ can be found in our annual report on Form 10-K for the fiscal year ended January 31, 2009, and today's press release. Due to economic and industry trends that could potentially impact net sales and profitability are difficult to predict. These forward-looking statements are based on information as of May 21, 2009, and we assume no obligation