GameStop Corp New

GME

Equity

ISIN US36467W1099 / Valor 2274310

New York Stock Exchange, Inc (2025-04-03)

USD 21.10-7.01%

GameStop Corp New
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About company

GameStop Corp New is a retailer that specializes in video games, consumer electronics, and gaming merchandise.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

In the third quarter of 2024, GameStop Corp New reported net sales of $0.860 billion, a decrease from the $1.078 billion recorded in the same quarter of the previous year. This decline reflects the challenges the company faces in maintaining its sales momentum.

Net Income

GameStop Corp New achieved a net income of $17.4 million for the third quarter of 2024, a significant improvement compared to a net loss of $3.1 million in the third quarter of 2023. This turnaround indicates a positive shift in the company's profitability.

SG&A Expenses

The selling, general, and administrative (SG&A) expenses for GameStop Corp New in the third quarter of 2024 were $282.0 million, slightly lower than the $296.5 million reported in the same period of the previous year. This reduction in expenses suggests efforts to streamline operations.

Cash Position

At the end of the third quarter of 2024, GameStop Corp New held cash, cash equivalents, and marketable securities totaling $4.616 billion. This strong cash position provides the company with significant financial flexibility moving forward.

Equity Offering

During the third quarter of 2024, GameStop Corp New completed an "at-the-market" equity offering, selling 20.0 million shares of its common stock for gross proceeds of approximately $400.0 million. The company does not plan any further equity offerings for the remainder of the fiscal year.

Summarized from source with an LLMView Source

Key figures

85.4%1Y

-48.8%3Y

2,914%5Y

Performance

137%1Y

102%3Y

142%5Y

Volatility