Sales in GameStop’s Collectibles category grew substantially in the company’s fiscal Q1 ended April 30, 2022, as inventory and expenses grew in a money-losing quarter. Collectible sales were up 26% to $220.9 million from $175.4 million in the year ago quarter; overall sales were up 8% to $1,378.4 million, from $1276.8 million last year, dragged down by declining sales in hardware. The growth in collectibles, which includes TCGs (see "Channel Check: GameStop Games"), continues the sales trend from last year (see "GameStop Grows Collectible Sales in Losing Year").
GameStop lost $157.9 million in its fiscal Q1, over twice as much as the $66.8 million loss in the previous year. Gross margin was down over 4% of sales, and selling, general, and administrative expenses were up 3.8% of sales to produce the loss.
One place GameStop has been spending money is in growing its inventory, which was up over 60% vs. the previous year, a lot more than sales. In the release accompanying the financials, GameStop said it had grown inventory to improve in-stock levels and to offset supply chain slowdowns.

Expenses, Inventory Climb
Posted by Milton Griepp on June 2, 2022 @ 2:16 am CT

MORE GAMES
New 'Weiss Schwarz' Premium Booster Set by Bushiroad
November 28, 2023
Bushiroad will release BanG Dream! Girls Band Party! Countdown Collection , a new Weiss Schwarz premium booster set, into stores.
Also, Wizards of the Coast Reveals New Promos for Show
November 28, 2023
Wizards of the Coast announced the location for MagicCon Chicago, an event for Magic: The Gathering , which will take place on February 23-25, 2024.
MORE NEWS
With Prequel in Expanded Edition of 'Noir is the New Black'
November 28, 2023
A prequel to the crime story will appear in the Expanded Edition of the anthology Noir is the New Black.
Publisher's First CFO Previously Worked for Lead Shareholder
November 28, 2023
Sagar, the first CFO at AWA, comes to the publisher from its lead shareholder.