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GameStop | 10-Q/A: Quarterly report (Amendment)

GameStop | 10-Q/A: Quarterly report (Amendment)

游戏驿站 | 10-Q/A:季度报表(修正版)
美股SEC公告 ·  2024/10/26 04:57

Moomoo AI 已提取核心信息

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 decline was primarily driven by a 47.7% drop in software sales and a 24.4% decrease in hardware and accessories revenue. Gross profit margin improved to 31.2% from 26.3%.The company continued its cost optimization efforts, reducing selling, general and administrative expenses by 16% to $270.8 million. Interest income increased significantly to $39.5 million, up from $11.6 million last year, benefiting from higher returns on investments and proceeds from its at-the-market stock offering that raised approximately $3.1 billion.As of August 3, 2024, GameStop maintained a strong liquidity position with $4.2 billion in cash and marketable securities. The company has established an Investment Committee led by Chairman Ryan Cohen to manage its investment portfolio, and voluntarily terminated its $250 million revolving credit facility in August 2024 as it focuses on operating efficiency and strategic growth initiatives.
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 decline was primarily driven by a 47.7% drop in software sales and a 24.4% decrease in hardware and accessories revenue. Gross profit margin improved to 31.2% from 26.3%.The company continued its cost optimization efforts, reducing selling, general and administrative expenses by 16% to $270.8 million. Interest income increased significantly to $39.5 million, up from $11.6 million last year, benefiting from higher returns on investments and proceeds from its at-the-market stock offering that raised approximately $3.1 billion.As of August 3, 2024, GameStop maintained a strong liquidity position with $4.2 billion in cash and marketable securities. The company has established an Investment Committee led by Chairman Ryan Cohen to manage its investment portfolio, and voluntarily terminated its $250 million revolving credit facility in August 2024 as it focuses on operating efficiency and strategic growth initiatives.
游戏驿站报告了2024财年第二季度的净销售为79830万,较前一年的11.6亿下降了31.4%,同时实现净利润1480万,相比去年280万的亏损有所改善。这一下降主要是由于软件销售下降了47.7%,硬件和配件的营业收入减少了24.4%。毛利润率从26.3%上升到31.2%。该公司持续进行成本优化工作,将销售、一般和行政费用减少了16%,降至27080万。利息收入显著增加至3950万,较去年1160万有所上升,得益于更高的投资回报和来自其市场股票发行的收益,筹集了大约31亿。截至2024年8月3日,游戏驿站保持了强劲的流动性,拥有420亿的现金和可交易证券。公司已成立由董事长Ryan Cohen领导的投资委员会来管理其投资组合,并在2024年8月自愿终止了25000万的循环信贷额度,以专注于运营效率和战略增长计划。
游戏驿站报告了2024财年第二季度的净销售为79830万,较前一年的11.6亿下降了31.4%,同时实现净利润1480万,相比去年280万的亏损有所改善。这一下降主要是由于软件销售下降了47.7%,硬件和配件的营业收入减少了24.4%。毛利润率从26.3%上升到31.2%。该公司持续进行成本优化工作,将销售、一般和行政费用减少了16%,降至27080万。利息收入显著增加至3950万,较去年1160万有所上升,得益于更高的投资回报和来自其市场股票发行的收益,筹集了大约31亿。截至2024年8月3日,游戏驿站保持了强劲的流动性,拥有420亿的现金和可交易证券。公司已成立由董事长Ryan Cohen领导的投资委员会来管理其投资组合,并在2024年8月自愿终止了25000万的循环信贷额度,以专注于运营效率和战略增长计划。
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