On September 10, 2024, GameStop Corp. announced its financial results for the second quarter ended August 3, 2024. The company reported net sales of $0.798 billion, a decrease from $1.164 billion in the same quarter of the previous year. Selling, general and administrative expenses were $270.8 million, representing 33.9% of net sales, compared to $322.5 million or 27.7% of net sales in the prior year's quarter. GameStop posted a net income of $14.8 million for the quarter, a significant improvement from a net loss of $2.8 million in the previous year's second quarter. The company's cash, cash equivalents, and marketable securities totaled $4.204 billion at the end of the quarter. GameStop did not hold a conference call in conjunction with the release of its financial results but directed stockholders to...Show More

On September 10, 2024, GameStop Corp. announced its financial results for the second quarter ended August 3, 2024. The company reported net sales of $0.798 billion, a decrease from $1.164 billion in the same quarter of the previous year. Selling, general and administrative expenses were $270.8 million, representing 33.9% of net sales, compared to $322.5 million or 27.7% of net sales in the prior year's quarter. GameStop posted a net income of $14.8 million for the quarter, a significant improvement from a net loss of $2.8 million in the previous year's second quarter. The company's cash, cash equivalents, and marketable securities totaled $4.204 billion at the end of the quarter. GameStop did not hold a conference call in conjunction with the release of its financial results but directed stockholders to review the company's Form 10-Q for more detailed information. The report also included non-GAAP financial measures, which the company believes provide useful information to investors in evaluating its core operating performance. The press release contained forward-looking statements and highlighted various risks and uncertainties that could impact the company's future results.