v3.25.1
Segment Information
 3 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate our business in four geographic segments: United States, Canada, Australia and Europe.
We identified segments based on a combination of geographic areas and management responsibility. Segment results for the United States include retail operations in 50 states; our ecommerce website www.gamestop.com; and our GameStop Pro® loyalty program. The United States segment also includes general and administrative expenses related to our corporate offices in Grapevine, Texas. Segment results for Canada include retail and ecommerce operations in Canada. Segment results for Australia include retail and ecommerce operations in Australia and New Zealand. Current year segment results for Europe include retail and ecommerce operations in France. Our segment results for Europe also previously included retail operations in Italy, Germany, Austria, Ireland and Switzerland.
Our chief operating decision makers (“CODM”) are our Chief Executive Officer and our Principal Financial and Accounting Officer, who have responsibility for allocating resources and assessing performance for the operating segments. Our CODM measures segment profit using operating income (loss), which is defined as net income (loss) from operations before net interest (income) expense and income taxes.
Transactions between our reportable segments consist primarily of royalties, management fees, intersegment loans and related interest. There were no material intersegment sales during the three months ended May 3, 2025 and May 4, 2024. Information on total assets by segment is not disclosed as such information is not used by our CODM to evaluate segment performance or to allocate resources and capital.
The following tables present segment information:
United
States		CanadaAustraliaEuropeTotal
As of and for the Quarter ended May 3, 2025
Net sales537.5 $38.2 $81.9 $74.8 $732.4 
Cost of sales343.6 28.2 55.0 52.8 479.6 
    Gross Profit
193.9 10.0 26.9 22.0 252.8 
Selling, general and administrative expenses:160.3 13.9 32.3 21.6 228.1 
    Store related
131.6 11.3 26.6 22.4 191.9 
    Other
28.7 2.6 5.7 (0.8)36.2 
Asset impairments— 18.3 — 17.2 35.5 
Operating income (loss)33.6 (22.2)(5.4)(16.8)(10.8)
Interest income(56.9)
Other income, net
(2.2)
Income before income taxes48.3 
Income tax expense3.5 
Net income44.8 
Property and equipment, net(1)
37.5 — 16.7 — 54.2 
Capital expenditures1.2 0.1 1.0 0.6 2.9 
United
States		CanadaAustraliaEuropeTotal
As of and for the Quarter ended May 4, 2024
Net sales$617.3 $42.6 $79.6 $142.3 $881.8 
Cost of sales448.5 31.6 53.4 103.8 637.3 
    Gross Profit
168.8 11.0 26.2 38.5 244.5 
Selling, general and administrative expenses:194.1 15.5 34.3 51.2 295.1 
    Store related
168.2 11.9 28.2 44.4 252.7 
    Other
25.9 3.6 6.1 6.8 42.4 
Operating loss
(25.3)(4.5)(8.1)(12.7)(50.6)
Interest income(14.9)
Loss before income taxes
(35.7)
Income tax benefit
(3.4)
Net loss
(32.3)
Property and equipment, net44.9 2.0 19.6 15.9 82.4 
Capital expenditures2.5 0.7 1.2 0.5 4.9 

(1)    Property and equipment, net for Canada and France (Europe) is classified as Assets held for sale on our Condensed Consolidated Balance Sheets.