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]

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 NOVEMBER 2, 2024 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) Delaware (State or other jurisdiction of incorporation or organization) 625 Westport Parkway Grapevi ...

Exhibit 99.1 GameStop GameStop Discloses Third Quarter 2024 Results GRAPEVINE, Texas, December 10, 2024 (GLOBE NEWSWIRE) — GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today released financial results for the third quarter ended November 2, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. THIRD QUARTER OVERVIEW • Net sales were $0 ...

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 AUGUST 3, 2024 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) Registrant's telephone number, including area code: (817) 424-2000 Securities Registered Pursuant to S ...

Exhibit 99.1 GameStop Discloses Second Quarter 2024 Results GRAPEVINE, Texas, September 10, 2024 (GLOBE NEWSWIRE)—GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today released financial results for the second quarter ended August 3, 2024. The Company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. SECOND QUARTER OVERVIEW The Company will not be hold ...

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 4, 2024 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) Delaware (State or other jurisdiction of incorporation or organization) 625 Westport Parkway Grapevine, T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 17, 2024 GameStop Corp. (Exact name of registrant as specified in its charter) Delaware 1-32637 20-2733559 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No .) 625 Westport Parkway, Grapevine, TX 76051 (817) 424-2000 (Address, including ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K 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) Delaware 20-2733559 (I.R.S. Employer Identification No.) Grapevine, Texas 76051 (Address of principal execut ...