GameStop reports Q2 results with operating income swing to profit and rising collectibles share
GameStop reported Q2 results with net income of $298.7M and adjusted EPS of $0.27 (up from $0.25 a year earlier), while revenue fell to $790.2M due to store closures. Operating income swung from -$193.6M to +$303.5M with operating margin reaching 18.7%, and collectibles grew to roughly 43-45% of sales, up from about 23%.
Detected & updated continuously · Source: Nebula
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@ODB123
$GME -Operating margin jumped from 6.8% to 20.3%. Revenue slipped 19%, yet operating income climbed 141%. Gross profit hit $345M. SG&A dropped to $187.1M. Core business came back swinging. Nearly 45.1% of sales are collectibles now, up from 23.4%. Video games fell to
@DefiPrince88
Honestly, the real question should be whether the market has already priced in the beat. $GME delivered $298.7M in Q2 net income, with adjusted EPS of $0.27 (beating previous year's $0.25).but revenue still fell to $790.2M due to store closures. Even with these reports, a push
@Comedyorwat
Ok, BOOMERS and LEGACY MEDIA Let me explain why $GME earnings had a reduction in NET SALES GameStop last year had a CONSOLE CYCLE. The company had just gotten releases that summer of the Nintendo Switch 2 which had been years in development That console cycle helped propel
@ODB123
🤔💭 $GME -Sales fell 17% from $1.963B to $1.626B. Operating income flipped from -$193.6M to +$303.5M. Operating margin went from -9.9% to 18.7%. Bears kept watching revenue. Management kept fixing the math. Collectibles exploded from $204.8M to $705.2M, now about 43% of
@ODB123
$GME - Operating income jumped to $303.5M in H1. Operating margin reached 18.7%. Stock finished at $18.89, touched $19.50, closed near $18.80 after hours. Price can argue. Numbers keep receipts. 30-day IV got smoked to 44.9, down 7.0 points. Options volume hit 182,031. https://t.co/nuCqashpHh