Summary by Moomoo AI
On September 10, 2024, GameStop Corp. announced its financial results for the second quarter ended August 3, 2024. The company reported net sales of $0.798 billion, a decrease from $1.164 billion in the same quarter of the previous year. Selling, general and administrative expenses were $270.8 million, representing 33.9% of net sales, compared to $322.5 million or 27.7% of net sales in the prior year's quarter. GameStop posted a net income of $14.8 million for the quarter, a significant improvement from a net loss of $2.8 million in the previous year's second quarter. The company's cash, cash equivalents, and marketable securities totaled $4.204 billion at the end of the quarter. GameStop did not hold a conference call in conjunction with the release of its financial results but directed stockholders to...Show More
