GameStop Corp (GME)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 13,100 | -5,500 | -93,800 | -198,300 | -302,100 | -522,200 | -533,300 | -484,300 | -395,400 | -216,900 | -185,900 | -220,800 | -270,600 | -216,600 | -195,700 | -557,700 | -433,300 | -659,900 | -1,120,700 | -662,800 |
| 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 |
| Pretax margin | 0.25% | -0.10% | -1.61% | -3.43% | -5.10% | -8.77% | -8.79% | -7.92% | -6.58% | -3.69% | -3.33% | -4.13% | -5.32% | -4.20% | -3.50% | -9.39% | -6.70% | -9.00% | -14.31% | -8.24% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $13,100K ÷ $5,272,800K
= 0.25%
The pretax margin of GameStop Corp has fluctuated over the past several quarters. It started the period at a modest 0.25% in February 2024, turned slightly negative in October 2023 at -0.10%, and declined further to -1.61% in July 2023. The trend continued with a significant decrease to -3.43% in April 2023 and a further decline to -5.10% in January 2023.
The company experienced a substantial drop in pretax margin to -8.77% in October 2022, and it remained at a similar level of -8.79% in July 2022 before showing a slight improvement to -7.92% in April 2022.
There was a further decline in pretax margin to -6.58% in January 2022, followed by a slight improvement to -3.69% in October 2021. The pretax margin continued to fluctuate, reaching -3.33% in July 2021 and decreasing to -4.13% in May 2021.
The trend reversed temporarily as the pretax margin improved to -5.32% in January 2021 and -4.20% in October 2020. However, the company experienced a significant decrease to -3.50% in August 2020 and a substantial decline to -9.39% in May 2020.
The pretax margin reached its lowest point at -9.00% in February 2020, and it slightly improved to -6.70% in November 2019 before dropping again to -14.31% in August 2019. The margin showed some recovery at -8.24% in May 2019.
Overall, the pretax margin of GameStop Corp has been volatile, with periods of improvement followed by significant declines. This indicates challenges in the company's ability to generate profits before taxes relative to its revenue during the analyzed period.