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GameStop | 10-Q: Q2 2025 Earnings Report

GameStop | 10-Q: Q2 2025 Earnings Report

游戏驿站 | 10-Q:2025财年二季报
美股SEC公告 ·  2024/09/11 04:33

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GameStop reported Q2 FY2024 net sales of $798.3 million, down 31.4% from $1.16 billion in the prior year, while posting a net profit of $14.8 million compared to a $2.8 million loss last year. The revenue decline was driven by a 47.7% drop in software sales, 24.4% decrease in hardware sales, and 17.9% fall in collectibles sales.Gross profit margin improved to 31.2% from 26.3% year-over-year, though gross profit decreased 18.7% to $248.8 million. Selling, general and administrative expenses fell 16% to $270.8 million due to cost reduction efforts and a $6.4 million legal settlement benefit. The company's cash position strengthened significantly to $4.2 billion, boosted by $3.1 billion raised through an at-the-market stock offering.The company continues to optimize its cost structure and store portfolio, having exited operations in Ireland, Switzerland, and Austria during fiscal 2023. Interest income surged to $39.5 million from $11.6 million last year due to higher returns on investments and proceeds from the stock offering. GameStop voluntarily terminated its $250 million revolving credit facility in August 2024.
GameStop reported Q2 FY2024 net sales of $798.3 million, down 31.4% from $1.16 billion in the prior year, while posting a net profit of $14.8 million compared to a $2.8 million loss last year. The revenue decline was driven by a 47.7% drop in software sales, 24.4% decrease in hardware sales, and 17.9% fall in collectibles sales.Gross profit margin improved to 31.2% from 26.3% year-over-year, though gross profit decreased 18.7% to $248.8 million. Selling, general and administrative expenses fell 16% to $270.8 million due to cost reduction efforts and a $6.4 million legal settlement benefit. The company's cash position strengthened significantly to $4.2 billion, boosted by $3.1 billion raised through an at-the-market stock offering.The company continues to optimize its cost structure and store portfolio, having exited operations in Ireland, Switzerland, and Austria during fiscal 2023. Interest income surged to $39.5 million from $11.6 million last year due to higher returns on investments and proceeds from the stock offering. GameStop voluntarily terminated its $250 million revolving credit facility in August 2024.
游戏驿站报告了2024财年第二季度的净销售额为79830万,较去年11.6亿下降31.4%,同时净利润为1480万,而去年则亏损280万。营业收入的下降是由软件销售下降47.7%、硬件销售减少24.4%以及收藏品销售下降17.9%所推动。毛利润率同比提高至31.2%,而毛利润下降18.7%至24880万。由于成本削减努力和640万法律和解收益,销售、一般和行政费用下降16%,为27080万。公司的现金状况显著增强,达到了42亿,受益于通过市场股票发行筹集的31亿。该公司继续优化其成本结构和门店组合,在2023财年退出了爱尔兰、瑞士和奥地利的业务。由于投资回报率提高以及股票发行所得,利息收入从去年的1160万激增至3950万。游戏驿站在2024年8月自愿终止了其25000万的循环信用额度。
游戏驿站报告了2024财年第二季度的净销售额为79830万,较去年11.6亿下降31.4%,同时净利润为1480万,而去年则亏损280万。营业收入的下降是由软件销售下降47.7%、硬件销售减少24.4%以及收藏品销售下降17.9%所推动。毛利润率同比提高至31.2%,而毛利润下降18.7%至24880万。由于成本削减努力和640万法律和解收益,销售、一般和行政费用下降16%,为27080万。公司的现金状况显著增强,达到了42亿,受益于通过市场股票发行筹集的31亿。该公司继续优化其成本结构和门店组合,在2023财年退出了爱尔兰、瑞士和奥地利的业务。由于投资回报率提高以及股票发行所得,利息收入从去年的1160万激增至3950万。游戏驿站在2024年8月自愿终止了其25000万的循环信用额度。
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