UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32545 DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________. Commission file number: 001-41643 TRIO PETROLEUM CORP. (Exact name of Registrant as specified in its charter) | Delaware | 87-1968201 | | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MAY 3, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NO. 1-32637 GameStop Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 625 Westport Parkway Grapevine, Texas 7605 ...

Financial Performance - Net sales for Q1 2025 were $732.4 million, a decrease of 17% from $881.8 million in Q1 2024[6] - Operating loss improved to $10.8 million from a loss of $50.6 million in the prior year, with adjusted operating income at $27.5 million compared to an adjusted operating loss of $55.0 million[6] - Net income for the quarter was $44.8 million, a turnaround from a net loss of $32.3 million in Q1 2024[6] - Adjusted net income for Q1 2025 was $83.1 million, compared to an adjusted net loss of $36.7 million in Q1 2024[22] - Free cash flow for the 13 weeks ended May 3, 2025, was $189.6 million, a recovery from a negative free cash flow of $114.7 million in the prior year[30] Expenses and Liabilities - SG&A expenses decreased to $228.1 million from $295.1 million year-over-year, representing a reduction of approximately 23%[6] - Total current liabilities remained stable at $847.3 million in Q1 2025, slightly down from $848.3 million in Q1 2024[15] Assets and Equity - Cash, cash equivalents, and marketable securities increased significantly to $6.4 billion from $1.0 billion year-over-year[6] - Total assets increased to $7,502.6 million in Q1 2025 from $2,587.1 million in Q1 2024, representing a growth of 189.5%[15] - Total stockholders' equity increased to $4,987.4 million in Q1 2025 from $1,307.3 million in Q1 2024, reflecting a growth of 281.5%[15] Profitability Metrics - Gross profit margin improved to 34.5% in Q1 2025 from 27.7% in Q1 2024[11] - The operating loss margin decreased to (1.5)% from (5.7)% year-over-year[11] - Basic income per share was $0.10 compared to a loss of $0.11 per share in the prior year[11] Inventory and Sales Composition - Merchandise inventories decreased to $421.3 million in Q1 2025 from $675.8 million in Q1 2024, a reduction of 37.6%[15] - Hardware and accessories sales accounted for 47.1% of total net sales in Q1 2025, down from 57.3% in Q1 2024[19] Financing Activities - The company issued $1,500 million in convertible debt during Q1 2025, significantly impacting cash flows from financing activities[17] Adjusted EBITDA Considerations - Adjusted EBITDA for Q1 2025 was $38.6 million, compared to an adjusted EBITDA loss of $37.6 million in Q1 2024[25] - Adjusted EBITDA does not reflect cash expenditures or future capital requirements, which are significant for understanding financial performance[33] - Adjusted EBITDA excludes changes in working capital needs, impacting cash flow assessments[33] - Depreciation and amortization are non-cash charges, but future cash requirements for asset replacements are not reflected in adjusted EBITDA[33] - The computation of adjusted EBITDA may not be comparable to similar measures used by other companies, indicating potential discrepancies in financial analysis[33] Other Significant Events - The company completed the divestiture of its Canadian operations on May 4, 2025[6] - GameStop purchased 4,710 Bitcoin for cash between May 3, 2025, and June 10, 2025[6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 3, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File No. 001-39589 Academy Sports and Outdoors, Inc. Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) (State or othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report _________ For the transition period from _________ to __________ Commission file number 001-41559 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 ...

Financial Performance - Net sales for the first quarter of 2025 decreased by 8.0% to $686.9 million compared to the same period in 2024[4] - Total comparable sales decreased by 7.8%, with U.S. Retail segment down 7.3% and Canada Retail segment down 9.2%[17] - Gross profit decreased to $295.1 million, resulting in a gross margin of 43.0%, down from 44.2% in the previous year[4] - The reported net loss attributable to Designer Brands Inc. was $17.4 million, equating to a diluted loss per share of $0.36[4] - Operating loss for the quarter was $7.3 million, compared to an operating profit of $9.4 million in the prior year[21] - Net loss attributable to Designer Brands Inc. was $17.4 million, compared to a net income of $0.8 million in the same quarter last year[21] - Diluted earnings per share for the quarter was $(0.36), a decline from $0.01 in the prior year[21] - Adjusted operating profit (loss) for the quarter was $(0.4) million, down from $14.7 million in the same period last year[25] Cost Management - The company expects to achieve cost savings between $20 million to $30 million throughout 2025[3] Cash and Liquidity - Cash and cash equivalents totaled $46.0 million at the end of the first quarter, an increase from $43.4 million year-over-year[9] - Cash and cash equivalents increased to $46.0 million from $43.4 million year-over-year[23] Store Operations - Total number of stores decreased to 669 from 675 in the previous year, with a total square footage of 11,006 thousand[7] Guidance and Outlook - The company has withdrawn its full-year 2025 guidance due to macroeconomic uncertainty[8] Inventory Management - Inventories at the end of the first quarter were $623.6 million, slightly up from $620.5 million in the same period last year[9] Dividend Declaration - The company declared a dividend of $0.05 per share for both Class A and Class B common shares, payable on June 18, 2025[6] Asset and Liability Overview - Total assets as of May 3, 2025, were $2.09 billion, a decrease from $2.16 billion as of May 4, 2024[23] - Total liabilities increased to $1.82 billion from $1.80 billion year-over-year[23] Sales Metrics - Comparable sales performance metric is a key measurement for management, with e-commerce sales included in the calculation[28]

Financial Performance - First quarter net sales decreased by 0.9% to $1,351.4 million, while comparable sales declined by 3.7%[2] - First quarter diluted GAAP EPS was $0.68, down 32.7% from $1.01 in the same period last year[2] - Adjusted net income for the first quarter was $51.6 million, a decrease of 36.8% compared to $81.6 million last year[2] - Net sales for the thirteen weeks ended May 3, 2025, were $1,351,409, a slight decrease of 0.6% compared to $1,364,220 for the same period in 2024[26] - Net income for the thirteen weeks ended May 3, 2025, was $46,084, a decrease of 39.7% from $76,465 in the same period in 2024[26] - Adjusted Net Income for the thirteen weeks ended May 3, 2025, was $51,597,000, a decrease of 36.8% from $81,620,000 for the same period in 2024[35] - Adjusted Earnings Per Common Share, Diluted, for the thirteen weeks ended May 3, 2025, was $0.76, down from $1.08 in the prior year, representing a decline of 29.6%[35] Guidance and Projections - The company revised its fiscal 2025 guidance for net sales to a range of $5,970 million to $6,265 million, reflecting a potential decline in comparable sales of -4% to +1%[12] - The company expects adjusted earnings per share for fiscal 2025 to range from $5.45 to $6.25, compared to the previous guidance of $5.75 to $6.20[13] - The company provided guidance for the fiscal year ending January 31, 2026, projecting Adjusted Net Income between $375,000,000 and $435,000,000[37] - The projected Adjusted Earnings Per Common Share, Diluted, for the fiscal year ending January 31, 2026, is expected to range from $5.45 to $6.25[37] Store Operations - The company opened five new stores, increasing total locations to 303 across 21 states[6] - The company plans to open 20 to 25 new stores in fiscal 2025[6] Inventory and Assets - Merchandise inventories increased by 15.0% to $1,560.0 million compared to the previous year[3] - Total assets increased to $5,180,423 as of May 3, 2025, compared to $4,873,879 as of May 4, 2024[28] Cash Flow and Liabilities - Net cash provided by operating activities for the thirteen weeks ended May 3, 2025, was $157,472,000, a decrease of 21.1% compared to $199,677,000 for the same period in 2024[39] - Adjusted Free Cash Flow for the thirteen weeks ended May 3, 2025, was $106,484,000, down 36.3% from $167,322,000 in the prior year[39] - Current liabilities rose to $1,262,895 as of May 3, 2025, compared to $1,122,076 as of May 4, 2024[28] Shareholder Actions - Share repurchases in the first quarter totaled $99.9 million, a decrease of 19.1% from $123.5 million in the previous year[5] - The company repurchased $99,031 in common stock during the thirteen weeks ended May 3, 2025[30] Cost Management - The company has reduced its cost exposure to China to approximately 9% of total cost of goods sold, with a target of 6% by the end of fiscal 2025[8] - The company plans to reduce direct import cost exposure to China as part of its strategic initiatives[23] Other Financial Metrics - Gross margin increased to 34.0% for the thirteen weeks ended May 3, 2025, compared to 33.4% for the same period in 2024[26] - Operating income decreased to $69,265, representing 5.1% of net sales, down from $102,383 or 7.5% of net sales in the prior year[26] - Adjusted EBITDA for the thirteen weeks ended May 3, 2025, was $109,764, down from $142,578 in the same period in 2024[33] - Cash and cash equivalents decreased to $285,104 as of May 3, 2025, from $378,145 as of May 4, 2024[30] - Equity compensation for the thirteen weeks ended May 3, 2025, amounted to $7,542,000, compared to $6,138,000 in the same period of 2024, reflecting an increase of 23.0%[35] - The weighted average common shares outstanding for the thirteen weeks ended May 3, 2025, were 68,170,000 diluted shares, down from 75,798,000 in the prior year[35] - The tax effects of adjustments for the thirteen weeks ended May 3, 2025, were $(2,029,000), compared to $(1,432,000) for the same period in 2024[36]

Financial Performance - As of March 31, 2025, LM Funding holds 160.2 BTC valued at approximately $13.3 million, equating to $2.59 per share[1][3] - In March 2025, the company mined 8.7 BTC, with a total of 8.0 BTC mined in January and 8.1 BTC in February[2] - The company sold 14.2 BTC in March 2025, with no BTC sold in the previous months[2] - LM Funding generated approximately $130,000 in power sales during Q1 2025 by selling excess energy back to the grid[2] - The stock share price was $1.24 as of March 31, 2025, compared to a Bitcoin price of approximately $83,000[3] Operational Metrics - The total operational machines remained stable at 5,121 throughout the first quarter of 2025[2] - The company's total hashrate was consistent at 0.63 EH/s across January, February, and March 2025[2] Strategic Outlook - LM Funding's balance sheet strength is supported by diversified revenue streams from energy sales and Bitcoin mining[2] - LM Funding plans to continue its infrastructure expansion to enhance operational efficiency and revenue generation[2] Risk Factors - The company faces various risks including operating in the cryptocurrency mining business and changes in governmental regulations[5]

Financial Performance - Net sales for the three months ended May 4, 2025, increased to $1,911 million, up 9.8% from $1,741 million for the same period in 2024[18] - Gross profit for the same period was $510 million, representing a gross margin of 26.7%, compared to $468 million and a gross margin of 26.9% in the prior year[18] - Net income attributable to Core & Main, Inc. for the three months ended May 4, 2025, was $100 million, an increase of 5.3% from $95 million in the prior year[18] - Basic earnings per share (EPS) increased to $0.53, up from $0.49 in the same period last year, while diluted EPS also rose to $0.52 from $0.49[18] - Operating income for the three months ended May 4, 2025, was $171 million, slightly up from $168 million in the same period last year[18] - Adjusted EBITDA for the three months ended May 4, 2025, increased by $7 million, or 3.2%, to $224 million compared to $217 million for the same period in 2024[118] Assets and Liabilities - Total assets as of May 4, 2025, were $6,278 million, an increase from $5,870 million as of February 2, 2025[16] - Total liabilities increased to $4,457 million as of May 4, 2025, compared to $4,096 million as of February 2, 2025[16] - Retained earnings rose to $515 million as of May 4, 2025, up from $449 million as of February 2, 2025[16] - Total debt as of May 4, 2025, was $2,284 million, with current maturities of long-term debt totaling $24 million[55] - The company reported an increase in accounts payable by $361 million, compared to an increase of $244 million in the prior year[25] Cash Flow and Investments - Cash flows from operating activities provided $77 million, slightly down from $78 million in the same period last year[25] - Net cash provided by operating activities was $77 million for the three months ended May 4, 2025, a decrease of $1 million compared to $78 million for the same period in 2024[129] - Net cash used in investing activities decreased significantly by $558 million to $16 million for the three months ended May 4, 2025, primarily due to $564 million in cash outflows for acquisitions in fiscal 2024[130] - Net cash used in financing activities was $61 million for the three months ended May 4, 2025, compared to net cash provided of $525 million for the same period in 2024, reflecting a $586 million change[131] Shareholder Activities - The company repurchased 837,268 shares of Class A common stock for a total of $39 million during the three months ended May 4, 2025, with $285 million remaining under the authorized repurchase program[29] - The company completed $39 million of Class A common stock repurchases during the three months ended May 4, 2025[126] - The maximum number of shares that may yet be purchased under the repurchase program is $285 million[159] Tax and Compliance - The effective tax rate for the three months ended May 4, 2025, was 25.5%, an increase from 24.6% in the prior year[67] - The provision for income taxes increased by $3 million, or 9.1%, to $36 million, with an effective tax rate of 25.5% for the three months ended May 4, 2025[113] - The Company was in compliance with all debt covenants as of May 4, 2025[59] Acquisitions and Intangible Assets - The company did not complete any acquisitions during the three months ended May 4, 2025, following significant acquisitions totaling $585 million in the previous fiscal year[39] - The company closed acquisitions during the fiscal year ended February 2, 2025, with an aggregate transaction value of $769 million[94] - The company’s intangible assets acquired during the Fiscal 2024 Acquisitions included $219 million related to customer relationships and $282 million in goodwill[44] - Total intangible assets as of May 4, 2025, amounted to $1,811 million, with net intangible assets of $901 million[53] Market and Economic Conditions - The Infrastructure Investment and Jobs Act includes $55 billion for water infrastructure investment, which may positively impact the Company's business[87] - The company experienced price stability in fiscal 2023 compared to price inflation in fiscal 2022, with improvements in supply chain conditions[90] - The company is exposed to price fluctuations in the cost of procuring products, which may affect gross profit margins[148] - As of May 4, 2025, foreign currency operations were not material, with a hypothetical 10% change in the U.S. dollar's value not materially impacting net earnings[149] Risk and Legal Matters - The company is not currently party to any material legal proceedings, although it faces inherent risks related to product liability claims[154] - The company maintains provisions for potential credit losses, which have historically been within expectations[147]