The last time GameStop posted positive full-year earnings was in 2017.
There has been a fair amount of talk of GameStop posting full-year profitability for the 2023 fiscal year, which is definitely within reach, but not guaranteed.
If GameStop posts full year earnings for FY23, it will be the first time in 6 years. It will be a momentous occasion!
It will also demonstrate that the prevailing sentiment put out by mainstream media doesn’t reconcile with the reality that this company is not the loser that they want the world to think it is.
What happened in 2013 and 2017 though
I want to see that topline grow more. Hopefully hardware sales will be good this year from Nintendo’s new thing.
some more data going back to fiscal year 2005.
Fiscal Year Revenue Net Income Store Count Revenue Per Store Net Income Per Store 10-K 2005 $3,091,783,000 $100,784,000 4490 $688,593.10 $22,446.33 link 2006 $5,318,900,000 $158,250,000 4778 $1,113,206.36 $33,120.55 link 2007 $7,093,962,000 $288,291,000 5264 $1,347,637.16 $54,766.53 link 2008 $8,805,897,000 $398,282,000 6207 $1,418,704.20 $64,166.59 link 2009 $9,077,997,000 $377,265,000 6450 $1,407,441.40 $58,490.70 link 2010 $9,473,700,000 $408,000,000 6670 $1,420,344.83 $61,169.42 link 2011 $9,550,500,000 $339,900,000 6683 $1,429,073.77 $50,860.39 link 2012 $8,886,700,000 -$269,700,000 6602 $1,346,061.80 $40,851.26 link 2013 $9,039,500,000 $354,200,000 6675 $1,354,232.21 $53,063.67 link 2014 $9,296,000,000 $393,100,000 6690 $1,389,536.62 $58,759.34 link 2015 $9,363,800,000 $402,800,000 7117 $1,315,694.82 $56,596.88 link 2016 $8,607,900,000 $353,200,000 7535 $1,142,388.85 $46,874.59 link 2017 $9,224,600,000 $34,700,000 7276 $1,267,811.98 $4,769.10 link 2018 $8,285,300,000 -$673,000,000 5830 $1,421,149.23 $115,437.39 link 2019 $6,466,000,000 -$470,900,000 5509 $1,173,715.74 $85,478.31 link 2020 $5,089,800,000 -$215,300,000 4816 $1,056,852.16 $44,705.15 link 2021 $6,010,700,000 -$381,300,000 4573 $1,314,388.80 $83,380.71 link 2022 $5,927,200,000 -$313,100,000 4413 $1,343,122.59 $70,949.47 link deleted by creator
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Man, when COVID started and GameStop forced their employees to keep working as “Essential” the Internet was RABID against them. Then when they realized they could be the stockholders that were “profiting” from these decisions they switched teams.