GameStop Corp (GME)
Gross profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,294,200 | 1,374,800 | 1,384,600 | 1,360,900 | 1,372,100 | 1,250,500 | 1,277,500 | 1,316,200 | 1,347,800 | 1,418,200 | 1,375,900 | 1,307,200 | 1,259,500 | 1,408,200 | 1,573,000 | 1,719,900 | 1,908,700 | 2,060,200 | 2,177,300 | 2,248,200 |
| Revenue (ttm) | US$ in thousands | 5,272,800 | 5,705,600 | 5,813,700 | 5,785,900 | 5,927,200 | 5,954,700 | 6,064,900 | 6,112,300 | 6,010,700 | 5,878,900 | 5,587,000 | 5,345,600 | 5,089,800 | 5,161,800 | 5,595,600 | 5,939,300 | 6,466,000 | 7,334,900 | 7,831,800 | 8,047,200 |
| Gross profit margin | 24.54% | 24.10% | 23.82% | 23.52% | 23.15% | 21.00% | 21.06% | 21.53% | 22.42% | 24.12% | 24.63% | 24.45% | 24.75% | 27.28% | 28.11% | 28.96% | 29.52% | 28.09% | 27.80% | 27.94% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,294,200K ÷ $5,272,800K
= 24.54%
The gross profit margin of GameStop Corp has shown some fluctuations over the past few quarters. From May 2020 to August 2021, the gross profit margin ranged between 21.06% and 28.96%. There was a gradual increase in the gross profit margin from May 2020 to February 2021, reaching a peak of 29.52%. However, the gross profit margin started to decline from there, dropping to 24.75% by May 2021.
Subsequently, the gross profit margin experienced some volatility, moving between 21.00% and 24.54% from August 2021 to February 2024. It is important for investors and stakeholders to closely monitor these fluctuations in the gross profit margin as it indicates the company's ability to generate revenue after accounting for the cost of goods sold.