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GME Q2 2024 Earnings Recap and Valuation Analysis - How to Value GME Price!
GME Q2 2024 Earnings Recap and Valuation Analysis - On September 10, 2024 GameStop Corp. (NYSE: GME) released financial results for the second quarter ended August 3, 2024. GameStop's Form 10-Q and supplemental information can be found at https://investor.gamestop.com. #TonyDenaro #GME #Gamestop
SECOND QUARTER OVERVIEW
* Net sales were $0.798 billion for the second quarter, compared to $1.164 billion in the prior year's second quarter.
* Selling, general and administrative (“SG&A") expenses were $270.8 million, or 33.9% of net sales for the second quarter, compared to $322.5 million, or 27.7% of net sales, in the prior year's second quarter.
* Net income was $14.8 million for the second quarter, compared to a net loss of $2.8 million for the prior year’s second quarter.
* Cash, cash equivalents and marketable securities were $4.204 billion at the close of the quarter. #TonyDenaro #GME #Gamestop
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