Core Viewpoint - GameStop's board has unanimously approved the addition of bitcoin as a treasury reserve asset, reflecting a strategic shift towards cryptocurrency integration [1][5] Financial Performance - GameStop reported a fourth-quarter net income of $131.3 million, more than doubling from $63.1 million in the same period last year [6] - The company's fourth-quarter revenue was $1.28 billion, down from $1.79 billion a year earlier [7] Strategic Moves - The decision to invest in bitcoin aligns with a broader trend in corporate rebranding and integration of cryptocurrency into business operations, similar to Strategy's recent changes [2][4] - GameStop plans to use a portion of its cash or future debt or equity issuances for bitcoin investments, although it did not specify the maximum amount [5][8] Operational Challenges - GameStop continues to face challenges in its core retail business due to a shift towards digital downloads, game streaming, and e-commerce [7] - The company has aggressively cut costs, closing 590 stores in the United States in fiscal 2024 and plans to close a significant number of additional stores in fiscal 2025 [7]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]

Store Operations - As of February 1, 2025, the company operates a total of 3,203 stores globally, with 2,325 in the United States, 193 in Canada, 374 in Australia, and 311 in Europe[17]. - The company has approximately 6,000 full-time associates and between 10,000 and 13,000 part-time associates, reflecting a significant workforce[38]. Sales Performance - The company generated approximately 34% of its sales during the fourth quarter of both fiscal 2024 and 2023, indicating a strong seasonal sales pattern[36]. Product and Market Strategy - The trade-in program allows customers to exchange pre-owned products for cash or credit, enhancing market share and providing a broader range of price points[18]. - The company aims to achieve profitability by optimizing its cost structure and expanding its addressable market through new product offerings, including graded collectibles[31]. - The company’s strategy includes maximizing shareholder value through potential investment and acquisition opportunities while optimizing retail operations for profitability[24]. Investment and Financial Management - The investment policy was revised to allow for investments in Bitcoin as a treasury reserve asset, with no maximum accumulation limit set[28]. - The company recognized a gain of $0.9 million and $2.0 million in SG&A expenses related to derivative instruments for the fiscal years ended February 1, 2025, and February 3, 2024, respectively[196]. Supplier Relationships and Sustainability - The company’s largest vendors, Sony, Nintendo, and Microsoft, accounted for a majority of new product purchases in fiscal 2024, highlighting key supplier relationships[30]. - The company operates refurbishment centers in multiple countries to test, repair, and redistribute used products, supporting sustainability and inventory management[18].

Financial Performance - Net sales for Q4 2024 were $1.283 billion, a decrease of 28.5% compared to $1.794 billion in Q4 2023[6] - Net income for Q4 2024 was $131.3 million, compared to $63.1 million in Q4 2023, representing a 108.5% increase[6] - For fiscal year 2024, net sales totaled $3.823 billion, a decline of 27.5% from $5.273 billion in fiscal year 2023[6] - Net income for fiscal year 2024 was $131.3 million, significantly higher than $6.7 million in fiscal year 2023[6] - Net income for the 13 weeks ended February 1, 2025, was $131.3 million, compared to $63.1 million for the 14 weeks ended February 3, 2024, representing a 108% increase[16] - Total net sales for the 13 weeks ended February 1, 2025, were $1,282.6 million, down from $1,793.6 million for the 14 weeks ended February 3, 2024, a decrease of 28.4%[20] - Adjusted net income for the 52 weeks ended February 1, 2025, was $131.2 million, compared to $17.4 million for the 53 weeks ended February 3, 2024, a significant increase[24] Expenses and Costs - SG&A expenses for Q4 2024 were $282.5 million, down 21.4% from $359.2 million in Q4 2023[6] - SG&A expenses for fiscal year 2024 were $1.130 billion, down 14.6% from $1.324 billion in fiscal year 2023[6] - Adjusted EBITDA for fiscal year 2024 was $36.1 million, down from $64.7 million in fiscal year 2023[6] - Adjusted EBITDA for the 13 weeks ended February 1, 2025, was $96.5 million, up from $88.0 million for the 14 weeks ended February 2, 2024, indicating a growth of approximately 6%[26] - Capital expenditures for the 13 weeks ended February 1, 2025, were $3.5 million, down from $7.7 million for the 14 weeks ended February 3, 2024[31] - Transformation costs for the 13 weeks ended February 1, 2025, amounted to $3.5 million, compared to $0.3 million for the 14 weeks ended February 2, 2024[26] - Asset impairments for the 13 weeks ended February 1, 2025, were $1.1 million, down from $4.8 million for the 14 weeks ended February 2, 2024[27] Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities at the end of Q4 2024 were $4.775 billion[6] - Total cash, cash equivalents, and restricted cash at the end of the period was $4,789.8 million, up from $938.9 million at the beginning of the period[18] - Cash flows provided by operating activities for the 13 weeks ended February 1, 2025, were $162.3 million, compared to $(11.0) million for the prior year[16] - Free cash flow for the 13 weeks ended February 1, 2025, was $158.8 million, a substantial improvement from a negative $18.7 million for the 14 weeks ended February 3, 2024[31] - Net cash flows provided by operating activities for the 13 weeks ended February 1, 2025, were $162.3 million, compared to a negative $11.0 million for the 14 weeks ended February 3, 2024[31] Inventory and Sales Mix - Merchandise inventories increased by $293.1 million in the 13 weeks ended February 1, 2025, compared to a decrease of $397.0 million in the prior year[16] - The sales mix for hardware and accessories accounted for 56.6% of total net sales in the 13 weeks ended February 1, 2025, down from 61.0% in the prior year[20] Share Issuance - Proceeds from the issuance of shares in at-the-market offerings for the 52 weeks ended February 1, 2025, amounted to $3,453.8 million[24] Interest and Depreciation - Interest income, net for the 13 weeks ended February 1, 2025, was $(54.8) million, compared to $(15.3) million for the 14 weeks ended February 2, 2024, reflecting an increase in interest expenses[26] - Depreciation and amortization for the 13 weeks ended February 1, 2025, was $6.0 million, down from $18.6 million for the 14 weeks ended February 2, 2024[26] Divestitures - The company completed the divestiture of its operations in Italy and the wind-down of store operations in Germany[6] Importance of Free Cash Flow - The company emphasizes that free cash flow is a critical measure for evaluating financial performance, highlighting its importance to investors[30]

Core Viewpoint - GameStop Corp. has updated its investment policy to include Bitcoin as a treasury reserve asset, reflecting a strategic shift towards digital assets [1] Group 1 - The board of GameStop unanimously approved the addition of Bitcoin to its investment policy [1]

Core Insights - GameStop Corp. has updated its investment policy to include Bitcoin as a treasury reserve asset, reflecting a strategic shift towards cryptocurrency [1] Group 1 - The board of GameStop unanimously approved the addition of Bitcoin to its treasury reserve assets [1]

Core Insights - GameStop Corp. reported financial results for the fourth quarter and fiscal year ended February 1, 2025, showing a decline in net sales compared to the previous year, but an increase in net income for the fourth quarter [1][7][13]. Fourth Quarter Overview - Net sales for the fourth quarter were $1.283 billion, down from $1.794 billion in the same quarter last year, representing a decrease of approximately 28.5% [7][10]. - SG&A expenses decreased to $282.5 million from $359.2 million, a reduction of about 21.4% [7][11]. - Net income for the fourth quarter was $131.3 million, compared to $63.1 million in the prior year's fourth quarter, indicating a significant increase of approximately 108% [7][11]. - Adjusted EBITDA for the fourth quarter was $96.5 million, up from $88.0 million year-over-year, reflecting an increase of about 9.6% [7][30]. Full Year Overview - For the fiscal year 2024, net sales totaled $3.823 billion, down from $5.273 billion in fiscal year 2023, marking a decline of approximately 27.5% [7][13]. - SG&A expenses for the full year were $1.130 billion, down from $1.324 billion, a decrease of about 14.6% [7][13]. - The company achieved a net income of $131.3 million for fiscal year 2024, compared to $6.7 million in fiscal year 2023, representing a substantial increase [7][13]. - Adjusted EBITDA for the full year was $36.1 million, down from $64.7 million in the previous year, indicating a decline of approximately 44.3% [7][13]. Cash and Assets - At the end of the fourth quarter, cash, cash equivalents, and marketable securities amounted to $4.775 billion, reflecting a strong liquidity position [7][19]. - The company completed the divestiture of its operations in Italy and the wind-down of store operations in Germany, indicating a strategic shift in its operational focus [7][19]. Sales Mix - In the fourth quarter, hardware and accessories accounted for 56.6% of net sales, while software contributed 22.3%, and collectibles made up 21.1% [23]. - For the full year, hardware and accessories represented 54.9% of total sales, software 26.3%, and collectibles 18.8% [23].

Core Viewpoint - GameStop Corp is set to report its fourth-quarter earnings, with Wall Street expecting earnings per share (EPS) of 8 cents and revenues of $1.48 billion. The stock has experienced a 68.12% increase over the past year but is down 17.09% year-to-date [1]. Stock Performance - GameStop's stock is currently trading at $25.381, showing strong bullish momentum as it is above the five-day, 20-day, and 50-day exponential moving averages (EMAs), indicating ongoing buying pressure [2]. - The stock is also above its eight-day simple moving average (SMA) of $24.10 and its 20-day SMA of $23.89, both of which generate bullish signals. Additionally, it is above its 200-day SMA of $25.09, suggesting long-term strength [3]. - However, GameStop's stock is slightly below its 50-day SMA of $25.66, which indicates some resistance at that level [3]. Technical Indicators - The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.34, signaling a potential slowdown in momentum. The Relative Strength Index (RSI) is at 55.23, indicating neutral conditions [4]. - The strong moving average positioning suggests continued upside potential, but the negative MACD warns of possible near-term consolidation or pullback. A decisive break above the 50-day SMA could confirm further gains, while a drop below the 200-day SMA may weaken the current bullish trend [5]. Analyst Ratings - The consensus analyst rating for GameStop stock is currently "Underperform," with a price target of $10. At the time of publication, the stock was trading at $25.75 [6].

CNBC's Jim Cramer on Friday listed next week's top market-moving events, including earnings reports from GameStop, McCormick and Dollar Tree. He underscored that angst on Wall Street will continue as tariff policy remains uncertain."There's a lot going on next week, but until we get some resolution on the trade front, you need to expect more uncertainty and more volatility like we saw today," Cramer said. "There's just too much negativity and, for the moment, it seems impossible to fight it."KB Home reports ...

GRAPEVINE, Texas, March 14, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it will report fourth quarter fiscal 2024 results after the market closes on Tuesday, March 25, 2025. Contacts GameStop Corp. Investor Relations(817) 424-2001ir@gamestop.com ...