From GlobeNewswire: 2024-03-26 16:05:00

GameStop Corp. released its financial results for the fourth quarter and fiscal year ended February 3, 2024. In the fourth quarter, net sales were $1.794 billion, with SG&A expenses at $359.2 million and net income at $63.1 million. For the full fiscal year, net sales were $5.273 billion, with SG&A expenses at $1.324 billion and net income at $6.7 million.

GameStop also reported adjusted EBITDA of $64.7 million for fiscal year 2023, compared to ($192.7) million for fiscal year 2022. The company will not be holding a conference call to discuss the results but provided detailed financial information in its Form 10-K. Additionally, GameStop may use non-GAAP measures like adjusted EBITDA to evaluate core operating performance and financial results.

Forward-looking statements in the press release caution investors about potential risks and uncertainties that could impact the company’s financial condition and performance. Factors include economic conditions, industry competitiveness, supply chain disruptions, and changes in consumer behavior. GameStop undertakes no obligation to update forward-looking statements, highlighting the importance of considering these factors when assessing financial health.



Read more at GlobeNewswire:: GameStop Reports Fourth Quarter and Fiscal Year 2023