✍️✍️ $GME Earnings Grade: A
This wasn't just a beat... this was a statement.
📈 Revenue +14%
📈 Record Q1 operating income
📈 Record quarterly net income ($389.6M)
📈 Gross margins jumped to 40.7%
��� Cash pile now $9.7B
📈 New $2B buyback approved
The old GameStop was fighting to survive.
The new GameStop is printing cash, buying back stock, and sitting on a war chest big enough to make shorts uncomfortable.
Ryan Cohen continues to execute.
#GME #GameStop
GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
https://t.co/BAu3T6V9w4
GameStop reports highest quarterly net income in company history of $389.6 million. Highest first quarter operating income in GameStop’s history of $143.3 million. Net sales grew 14% year-over-year, driven by collectibles. Cash, marketable securities, digital assets and related receivables, and collateral pledged for derivative asset of $9.7 billion.
https://t.co/BAu3T6V9w4