GameStop Corp. stock research
FY2022 Q4
GameStop (GME) Gross Margin — Quarter Ended Jan 28, 2023
Revenue and gross profit both increased from the prior quarter but decreased from the same period last year. Gross margin weakened sequentially but improved year over year.
Gross margin takeaway
Quarter ended Jan 28, 2023 · FY2022 Q4
Revenue and gross profit both increased from the prior quarter but decreased from the same period last year. Gross margin weakened sequentially but improved year over year.
- The year-over-year improvement in gross margin was driven by gross profit increasing despite lower revenue.
- Sequentially, revenue rose while gross margin fell; year over year, revenue fell while gross margin rose.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
22.4%
Gross profit
$499.8M
Revenue
$2.2B
Cost of revenue
$1.7B
Quarter-over-quarter change
n/a
Year-over-year change
+5.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jan 28, 2023 | $2.2B | $499.8M | $1.7B | 22.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Jan 29, 2022
+5.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year improvement in gross margin was driven by gross profit increasing despite lower revenue.
Sequentially, revenue rose while gross margin fell; year over year, revenue fell while gross margin rose.
Monitor the sequential decline in gross margin despite revenue growth, as it may indicate higher cost pressures.