GME
GameStop Corp
Q4 2024 Report
GameStop Corp (GME) Q4 2024 Financial Results: Strong Recovery Fuels Optimism...
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Executive Summary
GameStop Corp (GME) reported disappointing financial results for Q1 2024, with revenues dropping to $881.8 million, representing a staggering 28.72% decrease year-over-year (YoY) and a 50.84% decline quarter-over-quarter (QoQ). The company continues to face challenges in its transition from brick-and-mortar retail to a more digitally focused business model. The reported net loss deepened to $32.3 million, marking a dramatic shift in the profitability landscape for the company.
Management emphasized the need for strategic shifts, focusing on enhancing their online sales channels and streamlining operational efficiencies. The performance, while disappointing, reflects GameStop’s commitment to navigating a challenging retail environment and adapting to changing consumer behaviors. This report provides an in-depth analysis of the key metrics, trends, and managerial insights to guide investor decisions moving forward.
Key Performance Indicators
Revenue
881.80M
QoQ: -50.84% | YoY:-28.72%
Gross Profit
244.50M
27.73% margin
QoQ: -41.67% | YoY:-14.90%
Operating Income
-50.60M
QoQ: -191.67% | YoY:13.36%
Net Income
-32.30M
QoQ: -151.19% | YoY:36.04%
EPS
-0.11
QoQ: -152.38% | YoY:35.29%
Revenue Trend
Margin Analysis
Key Insights
1. **Revenue**: $881.8 million, down 28.72% YoY and down 50.84% QoQ. 2. **Net Income**: -$32.3 million, reflecting a 36.04% YoY improvement but a 151.19% decline QoQ. 3. **Gross Profit Margin**: 27.73%, down from previous years, indicating challenges in maintaining pricing and cost controls. 4. **Current Ratio**: 2.22, indicating solid short-term liquidity position amid declining sales. 5. **Total Assets**: $2.59 billion compared to total liabilities of $1.28 billion, showcasing a strong equity ...