v3.23.2
Segment Information
6 Months Ended
Jul. 29, 2023
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; Game Informer® magazine; and our digital asset wallet and NFT marketplace. 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. Segment results for Europe include retail and ecommerce operations in six countries. We measure segment profit using operating earnings, which is defined as income (loss) from operations before net interest (income) expense and income taxes. Transactions between reportable segments consist primarily of royalties, management fees, intersegment loans and related interest. There were no material intersegment sales during the three and six months ended July 29, 2023 and July 30, 2022.
United
States
CanadaAustraliaEuropeConsolidated
Three Months Ended July 29, 2023
Net sales$760.2 $66.0 $124.1 $213.5 $1,163.8 
Operating earnings (loss)4.7 (3.1)(3.8)(14.4)(16.6)
Three Months Ended July 30, 2022
Net sales$793.4 $62.3 $113.9 $166.4 $1,136.0 
Operating (loss) earnings(87.9)(2.3)0.7 (18.3)(107.8)
United
States
CanadaAustraliaEuropeConsolidated
Six Months Ended July 29, 2023
Net sales$1,592.6 $128.8 $239.4 $440.1 $2,400.9 
Operating loss(21.5)(6.8)(9.8)(36.9)(75.0)
Six Months Ended July 30, 2022
Net sales$1,788.8 $139.2 $240.5 $345.9 $2,514.4 
Operating (loss) earnings(232.1)(3.4)2.3 (28.3)(261.5)