GME
GameStop Corp
Q3 2024 Report
GameStop Corp (GME) Q3 2024 Results: A Mixed Bag of Resilience and Ongoing Challenges...
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Executive Summary
GameStop Corp reported a substantial recovery in Q4 2024, with revenue reaching $1.28 billion, marking a 49.09% quarter-over-quarter increase despite a year-over-year decline of 28.49%. This significant rebound is attributable to both strategic inventory management and improving consumer demand for gaming products. Furthermore, net income saw a remarkable uptick of 654.60% on a quarter-over-quarter basis, driven by rigorous cost-cutting measures and an increase in operational efficiency.
Key Performance Indicators
Revenue
1.28B
QoQ: 49.09% | YoY:-28.49%
Gross Profit
363.40M
28.33% margin
QoQ: 41.29% | YoY:-13.31%
Operating Income
79.80M
QoQ: 421.77% | YoY:44.57%
Net Income
131.30M
QoQ: 654.60% | YoY:108.08%
EPS
0.29
QoQ: 628.64% | YoY:38.10%
Revenue Trend
Margin Analysis
Key Insights
- Revenue: $1.28 billion, a decrease of 28.49% YoY but an increase of 49.09% QoQ.
- Gross Profit: $363.4 million, a YoY decline of 13.31% but a QoQ increase of 41.29%.
- Operating Income surged to $79.8 million, marking a 421.77% increase QoQ and a 44.57% increase YoY.
- Net Income reached $131.3 million, up 108.08% YoY and a staggering 654.60% QoQ. These metrics indicate a significant operational turnaround, reflecting more efficient resource allocation and improved market conditions.