☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Delaware | 20-2733559 | ||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||
625 Westport Parkway | 76051 | ||||||||||
Grapevine, | Texas | ||||||||||
(Address of principal executive offices) | (Zip Code) |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Class A Common Stock | GME | NYSE |
Large accelerated filer | ☒ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | Smaller reporting company | ☐ | Emerging growth company | ☐ |
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April 30, 2022 | May 1, 2021 | January 29, 2022 | ||||||||||||||||||
ASSETS | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 1,035.0 | $ | 694.7 | $ | 1,271.4 | ||||||||||||||
Restricted cash | 33.3 | 57.4 | 33.1 | |||||||||||||||||
Receivables, net of allowance of $3.5, $3.7 and $3.3, respectively | 103.4 | 102.1 | 141.1 | |||||||||||||||||
Merchandise inventories | 917.6 | 570.9 | 915.0 | |||||||||||||||||
Prepaid expenses and other current assets | 240.3 | 232.1 | 238.2 | |||||||||||||||||
Total current assets | 2,329.6 | 1,657.2 | 2,598.8 | |||||||||||||||||
Property and equipment, net of accumulated depreciation of $993.6, $1,109.9, and $1,029.8, respectively | 157.4 | 192.6 | 163.6 | |||||||||||||||||
Operating lease right-of-use assets | 568.7 | 654.2 | 586.6 | |||||||||||||||||
Deferred income taxes | 16.7 | — | 16.3 | |||||||||||||||||
Long-term restricted cash | 15.3 | 18.7 | 15.4 | |||||||||||||||||
Other noncurrent assets | 37.8 | 40.0 | 118.6 | |||||||||||||||||
Total assets | $ | 3,125.5 | $ | 2,562.7 | $ | 3,499.3 | ||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||
Accounts payable | $ | 386.8 | $ | 388.6 | $ | 471.0 | ||||||||||||||
Accrued liabilities and other current liabilities | 533.3 | 561.8 | 668.9 | |||||||||||||||||
Current portion of operating lease liabilities | 200.3 | 219.4 | 210.7 | |||||||||||||||||
Current portion of long-term debt | 6.5 | 48.1 | 4.1 | |||||||||||||||||
Total current liabilities | 1,126.9 | 1,217.9 | 1,354.7 | |||||||||||||||||
Long-term debt | 35.7 | — | 40.5 | |||||||||||||||||
Operating lease liabilities | 374.5 | 445.0 | 393.7 | |||||||||||||||||
Other long-term liabilities | 137.7 | 20.3 | 107.9 | |||||||||||||||||
Total liabilities | 1,674.8 | 1,683.2 | 1,896.8 | |||||||||||||||||
Stockholders’ equity: | ||||||||||||||||||||
Class A common stock — $.001 par value; 300 shares authorized; 75.9, 69.3 and 75.9 shares issued and outstanding, respectively | 0.1 | 0.1 | 0.1 | |||||||||||||||||
Additional paid-in capital | 1,587.5 | 518.5 | 1,577.5 | |||||||||||||||||
Accumulated other comprehensive loss | (72.6) | (47.2) | (68.7) | |||||||||||||||||
Retained (loss) earnings | (64.3) | 408.1 | 93.6 | |||||||||||||||||
Total stockholders’ equity | 1,450.7 | 879.5 | 1,602.5 | |||||||||||||||||
Total liabilities and stockholders’ equity | $ | 3,125.5 | $ | 2,562.7 | $ | 3,499.3 |
Three Months Ended | ||||||||||||||
April 30, 2022 | May 1, 2021 | |||||||||||||
Net sales | $ | 1,378.4 | $ | 1,276.8 | ||||||||||
Cost of sales | 1,079.9 | 946.7 | ||||||||||||
Gross profit | 298.5 | 330.1 | ||||||||||||
Selling, general and administrative expenses | 452.2 | 370.3 | ||||||||||||
Asset impairments | — | 0.6 | ||||||||||||
Operating loss | (153.7) | (40.8) | ||||||||||||
Interest expense, net | 0.7 | 24.7 | ||||||||||||
Loss before income taxes | (154.4) | (65.5) | ||||||||||||
Income tax expense | 3.5 | 1.3 | ||||||||||||
Net loss | $ | (157.9) | $ | (66.8) | ||||||||||
Net loss per share: | ||||||||||||||
Basic | $ | (2.08) | $ | (1.01) | ||||||||||
Diluted | (2.08) | (1.01) | ||||||||||||
Weighted-average shares outstanding: | ||||||||||||||
Basic | 75.9 | 66.0 | ||||||||||||
Diluted | 75.9 | 66.0 |
Three Months Ended | ||||||||||||||
April 30, 2022 | May 1, 2021 | |||||||||||||
Net loss | $ | (157.9) | $ | (66.8) | ||||||||||
Other comprehensive loss: | ||||||||||||||
Foreign currency translation adjustment | (3.9) | 2.1 | ||||||||||||
Total comprehensive loss | $ | (161.8) | $ | (64.7) |
Three Months Ended | ||||||||||||||
April 30, 2022 | May 1, 2021 | |||||||||||||
Cash flows from operating activities: | ||||||||||||||
Net loss | $ | (157.9) | $ | (66.8) | ||||||||||
Adjustments to reconcile net loss to net cash flows from operating activities: | ||||||||||||||
Depreciation and amortization | 17.1 | 18.7 | ||||||||||||
Stock-based compensation expense | 11.1 | 5.7 | ||||||||||||
Gain on sale of digital assets | (6.9) | — | ||||||||||||
Digital asset impairments | 33.7 | — | ||||||||||||
Asset impairments | — | 0.6 | ||||||||||||
Loss on disposal of property and equipment, net | 0.4 | 0.4 | ||||||||||||
Loss on retirement of debt | — | 18.2 | ||||||||||||
Other, net | (4.8) | (0.5) | ||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||
Receivables, net | 36.3 | 3.1 | ||||||||||||
Merchandise inventories | (9.9) | 32.4 | ||||||||||||
Prepaid expenses and other assets | (30.3) | (2.9) | ||||||||||||
Prepaid income taxes and income taxes payable | 3.5 | (1.2) | ||||||||||||
Accounts payable and accrued liabilities | (179.8) | (11.4) | ||||||||||||
Operating lease right-of-use assets and lease liabilities | (16.4) | (15.0) | ||||||||||||
Changes in other long-term liabilities | — | (0.1) | ||||||||||||
Net cash flows used in operating activities | (303.9) | (18.8) | ||||||||||||
Cash flows from investing activities: | ||||||||||||||
Proceeds from sale of digital assets | 76.9 | — | ||||||||||||
Capital expenditures | (10.8) | (14.7) | ||||||||||||
Net cash flows provided by (used in) investing activities | 66.1 | (14.7) | ||||||||||||
Cash flows from financing activities: | ||||||||||||||
Proceeds from issuance of common stock, net of costs | — | 551.7 | ||||||||||||
Repayments of revolver borrowings | — | (25.0) | ||||||||||||
Payments of senior notes | — | (307.4) | ||||||||||||
Settlement of stock-based awards | (1.1) | (49.9) | ||||||||||||
Other | — | (0.1) | ||||||||||||
Net cash flows (used in) provided by financing activities | (1.1) | 169.3 | ||||||||||||
Exchange rate effect on cash, cash equivalents and restricted cash | 2.6 | — | ||||||||||||
(Decrease) increase in cash, cash equivalents and restricted cash | (236.3) | 135.8 | ||||||||||||
Cash, cash equivalents and restricted cash at beginning of period | 1,319.9 | 635.0 | ||||||||||||
Cash, cash equivalents and restricted cash at end of period | $ | 1,083.6 | $ | 770.8 |
Class A Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Loss | Retained Earnings | Total Stockholders' Equity | |||||||||||||||||||||||||||||||
Shares | Amount | ||||||||||||||||||||||||||||||||||
Balance at January 29, 2022 | 75.9 | $ | 0.1 | $ | 1,577.5 | $ | (68.7) | $ | 93.6 | $ | 1,602.5 | ||||||||||||||||||||||||
Net loss | — | — | — | — | (157.9) | (157.9) | |||||||||||||||||||||||||||||
Foreign currency translation | — | — | — | (3.9) | — | (3.9) | |||||||||||||||||||||||||||||
Stock-based compensation expense | — | — | 11.1 | — | — | 11.1 | |||||||||||||||||||||||||||||
Settlement of stock-based awards | — | — | (1.1) | — | — | (1.1) | |||||||||||||||||||||||||||||
Balance at April 30, 2022 | 75.9 | $ | 0.1 | $ | 1,587.5 | $ | (72.6) | $ | (64.3) | $ | 1,450.7 | ||||||||||||||||||||||||
Class A Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Loss | Retained Earnings | Total Stockholders' Equity | |||||||||||||||||||||||||||||||
Shares | Amount | ||||||||||||||||||||||||||||||||||
Balance at January 30, 2021 | 65.3 | $ | 0.1 | $ | 11.0 | $ | (49.3) | $ | 474.9 | $ | 436.7 | ||||||||||||||||||||||||
Net loss | — | — | — | — | (66.8) | (66.8) | |||||||||||||||||||||||||||||
Issuance of common stock, net of cost | 3.5 | — | 551.7 | — | — | 551.7 | |||||||||||||||||||||||||||||
Foreign currency translation | — | — | — | 2.1 | — | 2.1 | |||||||||||||||||||||||||||||
Stock-based compensation expense | — | — | 5.7 | — | — | 5.7 | |||||||||||||||||||||||||||||
Settlement of stock-based awards | 0.5 | — | (49.9) | — | — | (49.9) | |||||||||||||||||||||||||||||
Balance at May 1, 2021 | 69.3 | $ | 0.1 | $ | 518.5 | $ | (47.2) | $ | 408.1 | $ | 879.5 | ||||||||||||||||||||||||
Three Months Ended | ||||||||||||||
April 30, 2022 | May 1, 2021 | |||||||||||||
Hardware and accessories (1) | $ | 673.8 | $ | 703.5 | ||||||||||
Software (2) | 483.7 | 397.9 | ||||||||||||
Collectibles | 220.9 | 175.4 | ||||||||||||
Total | $ | 1,378.4 | $ | 1,276.8 | ||||||||||
Three Months Ended | ||||||||||||||
April 30, 2022 | May 1, 2021 | |||||||||||||
Unredeemed customer liabilities | $ | 201.3 | $ | 200.3 | ||||||||||
Extended warranties | 84.7 | 81.0 | ||||||||||||
Subscription | 44.0 | 41.3 |
April 30, 2022 | May 1, 2021 | |||||||||||||
Contract liability beginning balance | $ | 378.3 | $ | 348.2 | ||||||||||
Increase to contract liabilities (1) | 207.0 | 208.7 | ||||||||||||
Decrease to contract liabilities (2) | (253.5) | (234.5) | ||||||||||||
Other adjustments (3) | (1.8) | 0.2 | ||||||||||||
Contract liability ending balance | $ | 330.0 | $ | 322.6 |
April 30, 2022 | May 1, 2021 | January 29, 2022 | ||||||||||||||||||
Assets | ||||||||||||||||||||
Foreign currency contracts(1) | $ | 4.7 | $ | 2.7 | $ | 3.8 | ||||||||||||||
Company-owned life insurance(2) | 0.5 | 2.8 | 0.6 | |||||||||||||||||
Total assets | $ | 5.2 | $ | 5.5 | $ | 4.4 | ||||||||||||||
Liabilities | ||||||||||||||||||||
Foreign currency contracts(3) | $ | — | $ | 0.8 | $ | 0.4 | ||||||||||||||
Nonqualified deferred compensation(3) | 0.5 | 0.6 | 0.6 | |||||||||||||||||
Total liabilities | $ | 0.5 | $ | 1.4 | $ | 1.0 |
Three Months Ended | ||||||||||||||
April 30, 2022 | May 1, 2021 | |||||||||||||
Weighted-average common shares outstanding | 75.9 | 66.0 | ||||||||||||
Dilutive effect of restricted stock awards | — | — | ||||||||||||
Weighted-average diluted common shares | 75.9 | 66.0 | ||||||||||||
Anti-dilutive shares: | ||||||||||||||
Restricted stock units | 1.2 | — | ||||||||||||
Restricted stock | 0.2 | 2.6 |
United States | Canada | Australia | Europe | Consolidated | ||||||||||||||||||||||||||||
Three months ended April 30, 2022 | ||||||||||||||||||||||||||||||||
Net sales | $ | 995.3 | $ | 76.9 | $ | 126.7 | $ | 179.5 | $ | 1,378.4 | ||||||||||||||||||||||
Operating loss | (144.2) | (1.1) | 1.6 | (10.0) | (153.7) | |||||||||||||||||||||||||||
Three months ended May 1, 2021 | ||||||||||||||||||||||||||||||||
Net sales | $ | 966.3 | $ | 61.9 | $ | 114.8 | $ | 133.8 | $ | 1,276.8 | ||||||||||||||||||||||
Operating loss | (3.6) | (2.9) | (0.4) | (33.9) | (40.8) |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||
April 30, 2022 | May 1, 2021 | Change | ||||||||||||||||||||||||||||||||||||
Amount | Percent of Net Sales | Amount | Percent of Net Sales | $ | % | |||||||||||||||||||||||||||||||||
Net sales | $ | 1,378.4 | 100.0 | % | $ | 1,276.8 | 100.0 | % | $ | 101.6 | 8.0 | % | ||||||||||||||||||||||||||
Cost of sales | 1,079.9 | 78.3 | 946.7 | 74.1 | 133.2 | 14.1 | ||||||||||||||||||||||||||||||||
Gross profit | 298.5 | 21.7 | 330.1 | 25.9 | (31.6) | (9.6) | ||||||||||||||||||||||||||||||||
Selling, general and administrative expenses | 452.2 | 32.8 | 370.3 | 29.0 | 81.9 | 22.1 | ||||||||||||||||||||||||||||||||
Asset impairments | — | — | 0.6 | — | (0.6) | (100.0) | ||||||||||||||||||||||||||||||||
Operating loss | (153.7) | (11.1) | (40.8) | (3.1) | (112.9) | (276.7) | ||||||||||||||||||||||||||||||||
Interest expense, net | 0.7 | 0.1 | 24.7 | 2.0 | (24.0) | (97.2) | ||||||||||||||||||||||||||||||||
Loss before income taxes | (154.4) | (11.2) | (65.5) | (5.1) | (88.9) | (135.7) | ||||||||||||||||||||||||||||||||
Income tax expense | 3.5 | 0.3 | 1.3 | 0.1 | 2.2 | 169.2 | ||||||||||||||||||||||||||||||||
Net loss | $ | (157.9) | (11.5) | % | $ | (66.8) | (5.2) | % | $ | (91.1) | (136.4) | % |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||
April 30, 2022 | May 1, 2021 | Change | ||||||||||||||||||||||||||||||||||||
Net Sales | Percent of Net Sales | Net Sales | Percent of Net Sales | $ | % | |||||||||||||||||||||||||||||||||
Hardware and accessories | $ | 673.8 | 48.9 | % | $ | 703.5 | 55.1 | % | $ | (29.7) | (4.2) | % | ||||||||||||||||||||||||||
Software | 483.7 | 35.1 | 397.9 | 31.2 | 85.8 | 21.6 | ||||||||||||||||||||||||||||||||
Collectibles | 220.9 | 16.0 | 175.4 | 13.7 | 45.5 | 25.9 | ||||||||||||||||||||||||||||||||
Total | $ | 1,378.4 | 100.0 | % | $ | 1,276.8 | 100.0 | % | $ | 101.6 | 8.0 | % |
Three Months Ended | ||||||||||||||||||||||||||||||||||||||
April 30, 2022 | May 1, 2021 | Change | ||||||||||||||||||||||||||||||||||||
Net Sales | Percent of Net Sales | Net Sales | Percent of Net Sales | $ | % | |||||||||||||||||||||||||||||||||
United States | $ | 995.3 | 72.2 | % | $ | 966.3 | 75.7 | % | $ | 29.0 | 3.0 | % | ||||||||||||||||||||||||||
Canada | 76.9 | 5.6 | 61.9 | 4.8 | 15.0 | 24.2 | ||||||||||||||||||||||||||||||||
Australia | 126.7 | 9.2 | 114.8 | 9.0 | 11.9 | 10.4 | ||||||||||||||||||||||||||||||||
Europe | 179.5 | 13.0 | 133.8 | 10.5 | 45.7 | 34.2 | ||||||||||||||||||||||||||||||||
Total | $ | 1,378.4 | 100.0 | % | $ | 1,276.8 | 100.0 | % | $ | 101.6 | 8.0 | % |
Three months ended | ||||||||||||||||||||
April 30, 2022 | May 1, 2021 | Change | ||||||||||||||||||
Cash used in operating activities | $ | (303.9) | $ | (18.8) | $ | (285.1) | ||||||||||||||
Cash provided by (used in) investing activities | 66.1 | (14.7) | 80.8 | |||||||||||||||||
Cash (used in) provided by financing activities | (1.1) | 169.3 | (170.4) | |||||||||||||||||
Exchange rate effect on cash, cash equivalents and restricted cash | 2.6 | — | 2.6 | |||||||||||||||||
(Decrease) increase in cash, cash equivalents and restricted cash | $ | (236.3) | $ | 135.8 | $ | (372.1) |
Exhibit Number | Description | Previously Filed as an Exhibit to and Incorporated by Reference From | Date Filed | |||||||||||||||||
3.1 | Quarterly Report on Form 10-Q for the fiscal quarter ended August 3, 2013 | September 11, 2013 | ||||||||||||||||||
3.2 | Current Report on Form 8-K | March 6, 2017 | ||||||||||||||||||
31.1 | Filed herewith. | |||||||||||||||||||
31.2 | Filed herewith. | |||||||||||||||||||
32.1 | Furnished herewith. | |||||||||||||||||||
32.2 | Furnished herewith. | |||||||||||||||||||
101.INS | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document. | Submitted electronically herewith. | ||||||||||||||||||
101.SCH | Inline XBRL Taxonomy Extension Schema | Submitted electronically herewith. | ||||||||||||||||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase | Submitted electronically herewith. | ||||||||||||||||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase | Submitted electronically herewith. | ||||||||||||||||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase | Submitted electronically herewith. | ||||||||||||||||||
104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). | Submitted electronically herewith. | ||||||||||||||||||
GAMESTOP CORP. | |||||||||||
Date: June 1, 2022 | By: | /s/ Michael Recupero | |||||||||
Michael Recupero | |||||||||||
Chief Financial Officer | |||||||||||
1 | I have reviewed this report on Form 10-Q of GameStop Corp.; |
2 | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3 | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4 | The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b. | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c. | evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
d. | disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5 | The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions): |
a. | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and |
b. | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
Date: | June 1, 2022 | By: | /s/ MATTHEW FURLONG | ||||||||
Matthew Furlong | |||||||||||
Chief Executive Officer | |||||||||||
GameStop Corp. |
1 | I have reviewed this report on Form 10-Q of GameStop Corp.; |
2 | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3 | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4 | The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b. | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c. | evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and |
d. | disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and |
5 | The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions): |
a. | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and |
b. | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. |
Date: | June 1, 2022 | By: | /s/ MICHAEL RECUPERO | ||||||||
Michael Recupero | |||||||||||
Chief Financial Officer | |||||||||||
GameStop Corp. |
Date: | June 1, 2022 | By: | /s/ MATTHEW FURLONG | ||||||||
Matthew Furlong | |||||||||||
Chief Executive Officer | |||||||||||
GameStop Corp. |
Date: | June 1, 2022 | By: | /s/ MICHAEL RECUPERO | ||||||||
Michael Recupero | |||||||||||
Chief Financial Officer | |||||||||||
GameStop Corp. |