GameStop Announces Financial Results for Q4 2023

Estimated Earnings Date and Forecast

GameStop Corporation (GME) has announced its financial results for the fourth quarter and fiscal year ended January 28, 2023. Net sales for the fiscal year were $527.3 billion, compared to $592.7 billion for the previous year. The company's diluted earnings per share (EPS) for the fourth quarter were $1.29, compared to $1.34 in the same period last year. GameStop's full-year diluted EPS was $4.50, compared to $5.09 in the previous year. The company's net income for the year was $760 million, compared to $906 million in the previous year. GameStop's gross margin for the fourth quarter was 30.4%, compared to 32.4% in the same period last year.

Analyst Expectations

Analysts expect GameStop to report earnings per share of $1.32 when the company releases its earnings report on March 15, 2023. The consensus estimate is based on a survey of 25 analysts by Zacks Investment Research. The analysts' estimates range from $1.20 to $1.45 per share. The average estimate is 2% higher than the company's reported EPS of $1.29 in the fourth quarter of 2022.

Key Performance Indicators

GameStop's key performance indicators (KPIs) for the fourth quarter include: * Comparable store sales growth of 6.5% * Digital sales growth of 12.7% * Active customer growth of 8.5% * Total company revenue growth of 7.4% * Gross margin of 30.4%

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