Net Sales and Revenue - Net sales for Q4 2024 were $1.794 billion, a decrease from $2.226 billion in Q4 2023[2] - Full-year net sales for 2023 were $5.273 billion, down from $5.927 billion in 2022[3] - Net sales for hardware and accessories were $1,094.6 million, accounting for 61.0% of total net sales for the 14 weeks ended February 3, 2024[20] - Total net sales for the 53 weeks ended February 3, 2024, were $5,272.8 million, with hardware and accessories contributing 56.8%[21] - Software sales accounted for 26.0% of total net sales for the 14 weeks ended February 3, 2024, amounting to $465.3 million[20] - Collectibles sales were $233.7 million, representing 13.0% of total net sales for the 14 weeks ended February 3, 2024[20] Net Income and Profitability - Net income for Q4 2024 was $63.1 million, up from $48.2 million in Q4 2023[2] - Full-year net income for 2023 was $6.7 million, compared to a net loss of $313.1 million in 2022[3] - Adjusted EBITDA for 2023 was $64.7 million, a significant improvement from ($192.7) million in 2022[3] - Net income for the 14 weeks ended February 3, 2024, was $63.1 million, compared to $48.2 million for the 13 weeks ended January 28, 2023[18] - Adjusted operating income for the weeks ended February 3, 2024, was $60.3 million, compared to $46.9 million for the same period in 2023[23] - Adjusted net income for the weeks ended February 3, 2024, was $67.7 million, compared to $48.9 million for the same period in 2023[23] - Adjusted EBITDA for the weeks ended February 3, 2024, was $88.0 million, compared to $82.5 million for the same period in 2023[25] - Adjusted earnings per share (diluted) for the weeks ended February 3, 2024, was $0.22, compared to $0.16 for the same period in 2023[23] Expenses and Costs - SG&A expenses for Q4 2024 were $359.2 million, or 20.0% of net sales, down from $453.4 million, or 20.4% of net sales, in Q4 2023[2] - Full-year SG&A expenses for 2023 were $1.324 billion, or 25.1% of net sales, compared to $1.681 billion, or 28.4% of net sales, in 2022[3] - Adjusted SG&A expenses for the weeks ended February 3, 2024, were $358.9 million, compared to $452.9 million for the same period in 2023[23] - Transformation costs for the weeks ended February 3, 2024, were $0.3 million, compared to $0.5 million for the same period in 2023[23] - Asset impairments for the weeks ended February 3, 2024, were $4.8 million, compared to $0.2 million for the same period in 2023[23] Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities totaled $1.199 billion at the end of Q4 2024[2] - Cash and cash equivalents decreased to $921.7 million in February 2024 from $1,139.0 million in January 2023[17] - Net cash flows used in operating activities were $203.7 million for the 53 weeks ended February 3, 2024, compared to $108.2 million provided by operating activities for the 52 weeks ended January 28, 2023[19] - Net cash flows provided by investing activities were $20.6 million for the 14 weeks ended February 3, 2024, compared to $19.1 million used in investing activities for the 13 weeks ended January 28, 2023[18] - Free cash flow for the weeks ended February 3, 2024, was -$18.7 million, compared to $326.6 million for the same period in 2023[28] - Net cash flows used in operating activities for the weeks ended February 3, 2024, were -$11.0 million, compared to $338.2 million for the same period in 2023[28] - Capital expenditures for the weeks ended February 3, 2024, were $7.7 million, compared to $11.6 million for the same period in 2023[28] Gross Profit - Gross profit for Q4 2024 was $419.2 million, or 23.4% of net sales, down from $499.8 million, or 22.4% of net sales, in Q4 2023[8] - Full-year gross profit for 2023 was $1.294 billion, or 24.5% of net sales, compared to $1.372 billion, or 23.1% of net sales, in 2022[15] Inventory and Assets - Merchandise inventories decreased to $632.5 million in February 2024 from $682.9 million in January 2023[17] - Total assets decreased to $2,709.0 million in February 2024 from $3,113.4 million in January 2023[17]

Dennis Diatel Photography While its stock is nowhere near the peak it reached during the meme stock mania of 2021, GameStop Corp. (NYSE:GME) has the potential to rebound from current levels, in my opinion, when it posts its Q4 and full year 2023 results on March 26 after market close. Analysts expect the video game retailer to report Q4 revenue of $2.05 billion and an EPS of $0.25, whereas full year estimates are for $5.53 billion in revenue and an EPS of $0.13. That said, I expect GameStop to beat anal ...

Key PointsShares of GameStop stock surged higher, but with no news from the company, shareholders shouldn't count on a short squeeze. The company reports earnings on March 17, 2024, but with no news from the company, there's no expectation of a blockbuster announcement.  GME stock may have some trade value but still appears to be a poor investment.5 stocks we like better than GameStopIt's not 2021, but GameStop Inc. NYSE: GME is giving its loyal band of traders a familiar feeling. Between February 22 and Ma ...

What is Shorting?Shorting refers to the practice of selling an asset (such as stocks or commodities) that the seller does not own with the expectation that its price will decline. The seller aims to buy back the asset at a lower price, making a profit from the price difference.Is Shorting Worth it? Learn from Other’s Experience“The whole purpose of education is to run mirrors into windows.” ~ Sydney J. HarrisIndividuals who can look beyond their own beliefs, biases, and experiences and learn through others ...

Meme stocks have come a long way since early 2021. What qualified as a meme stock back then doesn’t pass muster today. Although the companies in both groups are hugely popular and witnessed large price movements as a result, the original cast was mainly those that had large short positions that could be exploited by traders. GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) became the face of the meme stock frenzy because of it. That no longer seems to be a requirement. Today, meme stocks look more like ...

While WallStreetBets is not as a commanding name as it was at the height of the GameStop (NYSE: GME) meme stock craze, it remains a highly influential gathering place for retail investors, speculators, day traders, online trolls, and talented stock market theorists and analysts from every walk of life.Indeed, the message board still boasts an active community, approximately 15 million strong as of February 22, and WallStreetBets’ comings and goings still influence global markets and can serve as a way to pe ...

The semiconductor industry is currently carrying the stock market, with some companies recording strong performances. Super Micro Computer (NASDAQ: SMCI) is the strongest of them all, as it breached the $1,000 valuation per stock and recorded a daily RSI above 97, its highest ever.It seems that the sky’s the limit for this stock, but there appears to be an ominous sign among all these gains.Specifically, the sole additional stock to have achieved a daily RSI exceeding 97 was GameStop (NYSE: GME) on January ...

The video gaming business continues to be the fastest growing segment of the entertainment industry. Grand View Research forecasts that the global video game market will grow at a compound annual growth rate (CAGR) of 13.4% between now and 2030. Eventually, it will reach $583.69 billion in revenue for consoles, hardware, and games combined. Video games are increasingly diverse and played across a range of platforms, including consoles, desktop computers, and smartphones. Made for mobile devices, they are on ...

Shares of GameStop Corp. ended Monday’s session down 8.6%, with the stock registering its biggest daily percentage decline in two months.Monday’s decline was the largest since Dec. 5, 2023, when the stock fell 12.2%, Dow Jones Market Data show.The video-game retailer and original meme stock has seen its shares slide recently. GameStop’s GME, -8.62% market capitalization is now $4.5 billion, a far cry from the company’s meme-stock heyday in 2021, when its cap surpassed $17 billion. GameStop shares rallied in ...

The term “meme investing” shot into public consciousness in January 2021 when high volumes of retail investors orchestrated a short squeeze on GameStop (NYSE:GME) stock to cause a sharp rally of over 1,500% in a matter of days. Forming the backdrop to the exceptional circumstances of GameStop was a cryptocurrency rally that ultimately saw Bitcoin (BTC-USD) reach an all-time high value of $69,000. That crypto rally played a key role in igniting the interest of individuals keen to embrace the world of investi ...