GameStop lost $215.3 million in its fiscal year ended January 30, a big improvement over the $470.9 million loss in the previous year, the company reported in its fiscal Q4 and year end results. Sales were down 21%, from $6.5 billion in the year ended February 1, 2020 to $5.1 billion in the fiscal year just ended. The big sales decline came as the chain reduced its store count by 693 stores in what it likes to call its store "de-densification" efforts (see "GameStop Closing 700 Stores This Year"), and experienced what it called "…a significant reduction in store operating days as a result of temporary store closures in response to the COVID-19 pandemic."
GameStop’s fiscal Q4 was better, with sales down 3%, from $2.2 billion to $2.1 billion, and profits up to $80.5 million, from $21.0 million in the year-ago period. Same store sales were up 6.5% despite the loss of 27% of store operating days in Europe in the month.
The new fiscal year is starting off strong (behind sales of the new consoles and associated games), with sales up 5.3% for February, despite the 12% lower store count and the loss of 36% of store operating days in the month internationally, primarily in Europe, due to Covid closings.
The company is not providing guidance and did not take questions. The stock remains at stratospheric levels. It closed at $181.75 on Tuesday, a far cry from its range in 2020, when it traded under $10 for most of the year and then rose to over $20 in December. The big jump came in January, as groups organized on social media banded together to force a short squeeze (see "GameStop Stock Nearly Doubles on Tuesday").

A Big Improvement
Posted by Milton Griepp on March 24, 2021 @ 2:34 am CT

MORE GAMES
'Magic: The Gathering - Tarkir: Dragonstorm' Ascends to the Top
April 4, 2025
Magic: The Gathering - Tarkir: Dragonstorm Play Booster Box ascended to the top spot on the March 2025 TCGplayer Top 25 Sealed Products Chart.
Column by Jeffrey Dohm-Sanchez
April 4, 2025
ICv2 Managing Editor Jeffrey Dohm-Sanchez wraps up Miniatures Week 2025 by addressing a few outstanding news items and the U.S. tariff situation.
MORE NEWS
Over $500K Pledged for Second 'The Expanse' Campaign
April 4, 2025
BOOM!’s first Kickstarter for The Expanse was the top comics Kickstarter in the first half of 2023, and the new campaign has over $500K in pledges in the first two days.
New Edition of Bruce Allen's Exploration Game
April 4, 2025
Rio Grande Games will release Tobago , a new edition of Bruce Allen's exploration game, into retail.