Gap Inc. Q1 2008 Earnings Call Transcript

May 22, 2008 9:51 PM ETThe Gap, Inc. (GAP) Stock
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Q1: 2008-05-22 Earnings Summary

EPS of $0.34 beats by $0.03 | Revenue of $3.38B (-4.89% Y/Y) misses by $59.50M

Gap Inc. (GPS) Q1 2008 Earnings Call May 22, 2008 5:00 PM ET

Executives

Evan Price - VP of IR
Glenn Murphy - Chairman and CEO
Sabrina Simmons - EVP and CFO

Analysts

Jeff Black - Lehman Brothers
Dana Cohen - Banc of America
Jennifer Black - Jennifer Black & Associates
Barbara Wyckoff - Buckingham Research
Todd Slater - Lazard Freres & Company
Lauren Levitan - Cowen & Company
Marni Shapiro - Retail Tracker
Richard Jaffe - Stifel Nicolaus
Christine Chen - Needham & Company
Dana Telsey - Telsey Advisory Group
Paul Lejuez - Credit Suisse First Boston
Brian Tunick - JPMorgan
John Morris - Wachovia Securities
Jeff Klinefelter - Piper Jaffray

Operator

Good afternoon, ladies and gentlemen. At this time, I would like to welcome everyone to the Gap Inc. first quarter 2008 conference call. (Operator Instructions).

The conference call and webcast are being simultaneously recorded on behalf of Gap Inc. and consist of copyrighted material. They may not be rerecorded, re-produced, retransmitted, rebroadcast, or downloaded without Gap Inc.'s expressed written permission. Your participation represents your consent to these terms and conditions which are governed under California law. Your participation on the call also constitutes your consent to having any comments or statements you make may appear on any transcript or broadcast of this call. If you have any questions regarding this policy please contact Gap Inc. Investor Relations at 415-427-2175.

I would now like to introduce your host, Evan Price, Vice President of Investor Relations.

Evan Price

Good afternoon, everyone. I would like to welcome you to Gap Inc.'s first quarter 2008 Earnings Call. For those of you participating in the webcast, please turn to slides two and three. I would like to remind you that the information made available on this webcast and conference call contains forward-looking statements, including those identified in today's

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