GameStop
Who knew GameStop, that mall standby of the 1980s, would be dominating headlines in 2021? But the strange tale of the video game seller took Wall Street by storm in January 2021 when a group of retail traders, coordinated using the Reddit thread r/WallStreetBets, bid the stock up wildly. The stratospheric jump squeezed powerful short-sellers, including Steve Cohen, Dan Sundheim, and Melvin Capital’s Gabe Plotkin. But GameStop is no penny stock: The company has spent 14 years on the Fortune 500, clocking in most recently in 2020 at No. 464. To be sure, that marked a steady drop from 2010 when it was ranked No. 255. GameStop, which is headquartered in Grapevine, Texas, reported revenues in 2020 of $6.4 billion, but reported a loss of $470 million. As of 2020 the company had 30,000 employees, and operated more than 5,500 stores in 14 countries.
Spencer Platt—Getty Images
Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Grapevine, Texas
Industry
Specialty Retailers: Other
CEO
Ryan Cohen
Website
Company Type
Public
Ticker
GME
Revenues ($M)
$5,927
Profits ($M)
$-313
Market Value ($M)
$7,014
Employees
21,250
Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$5,927.2
-1.4%
Profits ($M)
$-313.1
-
Assets ($M)
$3,113.4
-
Total Stockholder Equity ($M)
$1,322.3
-
Profit Ratios
Profit as % of Revenues
-5.3%
Profits as % of Assets
-10.1%
Profits as % of Stockholder Equity
-23.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
-1.03
EPS % Change (from 2021)
-
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2022)
-50.2%
Total Return to Investors (5 year, annualized)
36.6%
Total Return to Investors (10 year, annualized)
15.6%
America's Most Innovative Companies
Sector
Retailing
Culture rank
294
Process rank
292
Product rank
191
Lists ranking GameStop
RANK297
America's Most Innovative Companies - 2023The 300 companies on this list are transforming in...view in list
Latest news for GameStop
- GameStop has no debt and a lot of cash - so what's their next move?;3:01Series, Magazine Videos;
- AOC questions Robinhood's business model;0:52News, Raw;
- Balancing the Ledger: Anthony Scaramucci talks new Bitcoin fund, GameStop, and Biden;14:35Series, Balancing The Ledger;
- Here’s why GameStop stock has spiked like crazy;;4:04
