earnings
confidence high
sentiment positive
materiality 0.75
GameStop Q2 net loss narrows to $2.8M from $108.7M; revenue up 2.5% YoY
GameStop Corp.
2023-Q2 EPS reported
-$0.17
revenue$2,400,900,000
- Net sales $1.164B, up from $1.136B in Q2 2022.
- Net loss $2.8M vs $108.7M loss prior year; SG&A improved to 27.7% of sales.
- SG&A expenses $322.5M (27.7% of sales) from $387.5M (34.1%) YoY.
- Cash, cash equivalents & marketable securities $1.195B; no material debt.
- European restructuring transition costs $4.3M in Q2.