GameStop Corp (GME)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -34,500 | -43,500 | -125,100 | -216,300 | -311,600 | -524,600 | -531,200 | -481,400 | -368,500 | -182,900 | -143,000 | -170,600 | -237,800 | -181,400 | -164,000 | -525,100 | -399,600 | -706,900 | -1,179,200 | -731,000 |
| 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 |
| Operating profit margin | -0.65% | -0.76% | -2.15% | -3.74% | -5.26% | -8.81% | -8.76% | -7.88% | -6.13% | -3.11% | -2.56% | -3.19% | -4.67% | -3.51% | -2.93% | -8.84% | -6.18% | -9.64% | -15.06% | -9.08% |
February 3, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-34,500K ÷ $5,272,800K
= -0.65%
The operating profit margin for GameStop Corp has shown a downward trend over the analyzed period. The company's operating profit margin has been negative in most of the periods, indicating that its operating expenses have exceeded its gross profit.
The company's operating profit margin was at its lowest point in August 2019, with a value of -15.06%, suggesting significant operational inefficiencies and challenges. Since then, there have been fluctuations in the margin, but overall the company has struggled to maintain positive operating profitability.
The negative operating profit margins can be indicative of various issues such as high operating expenses, declining sales, or pricing challenges. It is essential for GameStop Corp to closely monitor and manage its costs to improve its operational efficiency and ultimately achieve positive operating profit margins in the future.