GameStop's Q2 2024 results show sales decline, net income improvement, strong cash and securities

From GlobeNewswire: 2024-09-10 16:05:00

GameStop Corp. released financial results for Q2 2024, reporting a net sales decline to $0.798 billion from $1.164 billion the previous year. The Company’s net income was $14.8 million compared to a loss of $2.8 million in Q2 2023. Cash and securities amounted to $4.204 billion. Non-GAAP measures like adjusted SG&A expenses are used for core performance evaluation. Forward-looking statements were issued, cautioning of risks and uncertainties. The balance sheet showed total assets at $5.536 billion and total liabilities at $1.153 billion as of August 3, 2024. Cash flows from operating activities included net profit of $14.8 million.



Read more at GlobeNewswire:: GameStop Discloses Second Quarter 2024 Results