GameStop Q3 net loss narrows to $3.1M on cost cuts; revenue falls 9% to $1.078B

GameStop Corp.

2023-Q3 EPS reported -$0.18 revenue$3,479,200,000

Net sales $1.078B, down 9.1% YoY from $1.186B.
Net loss improved to $3.1M from $94.7M loss in prior year.
SG&A cut to $296.5M (27.5% of sales) from $387.9M (32.7%).
Cash & marketable securities $1.210B; long-term debt limited to French COVID loan.
No conference call; additional info in Form 10-Q.

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 third quarter ended October 28, 2023 results: revenue $1.078 billion, net income $(3.1 million).

Period: third quarter ended October 28, 2023
Revenue: $1.078 billion
Net income: $(3.1 million)
Result: reported results

Exact text from the filing

and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com . THIRD QUARTER OVERVIEW • Net sales were $1.078 billion for the period, compared to $1.186 billion in the prior year's third quarter. • Selling, general and administrative (“SG&A") expenses were $296.5 million, or 27.5% of net sales

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Source: SEC EDGAR

accession 0001326380-23-000061

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