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GameStop(GME) - 2024 Q4 - Annual Results
2024-03-26 20:08
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]
GameStop(GME) - 2024 Q3 - Quarterly Report
2023-12-05 16:00
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 OCTOBER 28, 2023 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 Delaware 20-2733 ...
GameStop(GME) - 2024 Q2 - Quarterly Report
2023-09-05 16:00
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 JULY 29, 2023 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 76 ...
GameStop(GME) - 2024 Q1 - Quarterly Report
2023-06-06 16:00
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 29, 2023 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 7 ...
GameStop(GME) - 2023 Q4 - Annual Report
2023-03-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2023 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 ...
GameStop(GME) - 2022 Q4 - Earnings Call Transcript
2023-03-21 22:39
GameStop Corp. (NYSE:GME) Q4 2022 Results Conference Call March 21, 2023 5:00 PM ET Company Participants Matt Furlong - CEO Conference Call Participants Operator Good afternoon, and welcome to the GameStop Fourth Quarter and Full Year 2022 Earnings Conference Call. Please note that certain statements made during the call constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995 as amended. Such forward-looking statements are subject to ...
GameStop(GME) - 2022 Q3 - Earnings Call Transcript
2022-12-07 23:25
GameStop Corp. (NYSE:GME) Q3 2022 Results Conference Call December 7, 2022 5:00 PM ET Company Participants Matt Furlong - CEO Operator Good afternoon, and welcome to the GameStop Third Quarter 2022 Earnings Conference Call. Please note that certain statements made during the call constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995 as amended. Such forward-looking statements are subject to both known and unknown risks and uncertai ...
GameStop(GME) - 2023 Q3 - Quarterly Report
2022-12-06 16:00
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 OCTOBER 28, 2023 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 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) ...
GameStop(GME) - 2022 Q2 - Earnings Call Transcript
2022-09-07 21:24
GameStop Corp. (NYSE:GME) Q2 2022 Earnings Conference Call September 7, 2022 5:00 PM ET Company Participants Matt Furlong - Chief Executive Officer Conference Call Participants Operator Good afternoon, and welcome to the GameStop Second Quarter 2022 Earnings Conference Call. Please note that certain statements made during the call constitute forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995 as amended. Such forward-looking statements are ...