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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DISCLAIMER: Content, strategies and opinions on this channel are for entertainment purposes only. These are Tony's opinions, not specific investment or legal advice for you. Always do your own due diligence, read company filings and financial statements and seek a duly licensed professional for investment, tax or legal advice. Past performance is not a predictor of future results. This is not personalized but rather general educational and informational material.