GameStop posts Q4 net income of $48.2M vs year-ago loss; revenue slips to $2.226B

GameStop Corp.

2022-FY EPS reported -$1.03 revenue$5,927,200,000

Net sales $2.226B vs $2.254B in Q4 2021; net income of $48.2M vs net loss of $147.5M.
SG&A expenses improved to 20.4% of sales from 23.9%; inventory reduced to $682.9M from $915.0M.
Cash, cash equivalents and marketable securities at $1.391B; long-term debt only a low-interest French COVID loan.
Full-year net sales $5.927B vs $6.011B; collectibles category sales increased.
Cost-cutting initiatives and headcount reductions implemented; equity incentive program for store leaders.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GameStop Corp. reported the fourth quarter ended January 28, 2023 results: revenue $2.226 billion, net income $48.2 million.

Period: the fourth quarter ended January 28, 2023
Revenue: $2.226 billion
Net income: $48.2 million
Result: reported results

Exact text from the filing

Net sales were $2.226 billion, compared to $2.254 billion in the prior year's fourth quarter. • Selling, general and administrative (“SG&A”) expenses were $453.4 million, or 20.4% of sales, compared to $538.9 million, or 23.9% of sales, in the prior year's fourth quarter. • Net income was $48.2 million, compared to a net loss of $147.5 million for the prior year’s fourth quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GameStop Corp. reported the fiscal year ended January 28, 2023 results: revenue $5.927 billion.

Period: the fiscal year ended January 28, 2023
Revenue: $5.927 billion
Result: reported results

Exact text from the filing

Generated net sales of $5.927 billion for the fiscal year, compared to $6.011 billion for fiscal year 2021.

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Source: SEC EDGAR

accession 0001326380-23-000011

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