secwatch.observer — SEC 8-K summary
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Issuer:     GameStop Corp. (GME)
CIK:        0001326380
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001326380-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GameStop Q4 net income $63.1M, sales $1.794B; promotes Daniel Moore to PFO
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- Q4 net sales $1.794B, down from $2.226B YoY; net income $63.1M vs $48.2M.
- FY2023 net sales $5.273B, down 11%; net income $6.7M vs FY2022 loss of $313.1M.
- Adjusted EBITDA $64.7M in FY2023 vs ($192.7M) in FY2022; cash $1.199B.
- SG&A cut to 20.0% of sales Q4 vs 20.4% prior year; full-year 25.1% vs 28.4%.
- Daniel Moore promoted from interim to permanent Principal Financial Officer; salary $160K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326380/000132638024000011/0001326380-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326380/000132638024000011/gme-20240325.htm
  HTML page:      https://secwatch.observer/filing/0001326380-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer