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Aug 03, 2024
GameStop Q2 2024 Earnings Report
Announced second quarter 2024 results, revealing a decrease in net sales but an increase in net income compared to the prior year.
Key Takeaways
GameStop's second quarter 2024 results showed a decrease in net sales to $0.798 billion from $1.164 billion in the prior year, but net income increased to $14.8 million compared to a net loss of $2.8 million in the same quarter last year. The company's cash and cash equivalents stood at $4.204 billion at the end of the quarter.
Net sales were $0.798 billion, down from $1.164 billion in the prior year's second quarter.
SG&A expenses were $270.8 million, or 33.9% of net sales, compared to $322.5 million, or 27.7% of net sales, in the prior year's second quarter.
Net income was $14.8 million, compared to a net loss of $2.8 million for the prior year’s second quarter.
Cash, cash equivalents and marketable securities were $4.204 billion at the close of the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements that are subject to significant risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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