GameStop reports Q3 net sales $860M, net income $17.4M; completes ATM offering of 20M shares for $400M

GameStop Corp.

2024-Q3 EPS reported $0.00 revenue$2,540,400,000

Net sales fell to $860M from $1.078B YoY; net income of $17.4M vs loss of $3.1M.
SG&A reduced to $282M from $296.5M; cash and securities at $4.616B.
Sold 20M shares in ATM for ~$400M gross proceeds; no further ATM expected this fiscal year.
Auditor changed from Deloitte to KPMG for FY ending Jan 31, 2026; Deloitte to finish current year audit.

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