The Gap, Inc. (NYSE:GPS) Q3 2022 Earnings Call Transcript

Page 10 of 10

So we’ll let you decide. On SG&A, yes, we did save some in marketing in third quarter. I don’t believe that we would be spending more in marketing in fourth quarter. We continue to try and find that right balance of marketing in the brand. But, overall, we’re focused on marketing effectiveness, both in fourth quarter as well as we head into next year, as we look to make sure that we’re being prudent in that marketing spend after a couple of years of heavily investing. So, I wouldn’t expect the marketing to go up in fourth quarter.

Janet Kloppenburg: Okay, great. Thanks so much and best of luck for a good holiday.

Katrina O’Connell: Thanks, Janet. You, too.

Operator: Thank you. That does conclude our conference call. You may now disconnect.

Follow Gap Inc (NYSE:GAP)

Page 10 of 10