EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2022-06-01
Management highlights
- Focused on rebuilding and strengthening commerce business by expanding product selection, improving delivery speeds, and enhancing shopping experience with investments in assortment, infrastructure, technology, and talent.
- Blockchain team advanced new products, deepened partnerships, and launched the GameStop Wallet, a digital asset wallet with significant downloads and a 5-star rating in the Chrome store, with the NFT marketplace set to launch in Q2.
- Believes digital assets are core to the future of gaming and these initiatives position the company to become more diversified and technology-centric.
Segment performance
Net sales increased 8% to just under $1.4 billion compared to approximately $1.3 billion in the same period of 2021. SG&A was $452.2 million or 32.8% of sales compared to $370.3 million or 29% of sales in Q1 2021. Net loss was $157.9 million or $2.08 per diluted share compared to a net loss of $66.8 million or $1.01 per diluted share in Q1 2021. Cash and cash equivalents ended the quarter at $1.04 billion, roughly $340 million higher than Q1 2021. Inventory was valued at $917.6 million as of quarter close compared to $570.9 million in Q1 2021.
Guidance
- Not providing formal guidance at this time.
Q&A highlights
Q: A: Q: A:
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $-0.52 | $-0.34 | -52.9% | $-0.11 |
| Revenue | $1.38B | $1.33B | +4.0% | $1.28B |
Transcript
June 1, 2022Full transcript unavailable for redistribution
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Prior quarters
This page presents the stored structured earnings-call summary and deterministic earnings calendar values. How this is generated. For informational purposes only; not investment advice.