GameStop Q2 sales $1.136B (down 4% YoY); collectibles up 26%; launches NFT marketplace

GameStop Corp.

2022-Q2 EPS reported -$0.88 revenue$2,514,400,000

Net sales $1.136B vs $1.183B in Q2 last year, a decline of ~4%.
Collectibles segment grew 26% YoY to $223.2M, part of long-term growth strategy.
SG&A expenses $387.5M, down 14.3% sequentially from Q1 2022.
Ended quarter with $908.9M cash and no material debt; inventory rose to $734.8M.
Launched NFT marketplace and implemented SAP system during the quarter.

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