SEC Comment Letter 0000000000-23-008854 to GameStop Corp. (GME)
GameStop Corp.
Date: Aug. 14, 2023 · CIK: 0001326380 · Accession: 0000000000-23-008854
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-32637
Letter
United States securities and exchange commission logo August 14, 2023 Diane Saadeh-Jajeh Chief Financial Officer GameStop Corp. 625 Westport Parkway Grapevine, TX 76051 Re:GameStop Corp. Form 10-K for the Fiscal Year Ended January 28, 2023 Filed March 28, 2023 File No. 001-32637 Dear Diane Saadeh-Jajeh: We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for Fiscal Year Ended January 28, 2023 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Consolidated Results of Operations, page 26 1.In the discussion of year over year changes in net sales, gross profit and selling, general and administrative expenses you identify multiple factors for changes in the line items without quantifying the impact of each. Please revise to quantify the change for each of the factors that you cite. Refer to Item 303(b) of Regulation S-K. Item 8. Financial Statements and Supplementary Data 11. Intangible Assets Digital Assets, page 52 2.Please provide us with your accounting analysis, including classification, for the IMX and Digital Worlds NFTs Ltd. transactions citing the authoritative literature used to reach your
FirstName LastNameDiane Saadeh-Jajeh Comapany NameGameStop Corp. August 14, 2023 Page 2 FirstName LastName Diane Saadeh-Jajeh GameStop Corp. August 14, 2023 Page 2 conclusions. Also, detail the rights and obligations of the parties and the business purpose surrounding your right to receive $150 million in IMX tokens. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Scott Stringer at 202-551-3272 or Joel Parker at 202-551-3651 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
August 14, 2023
Diane Saadeh-Jajeh
Chief Financial Officer
GameStop Corp.
625 Westport Parkway
Grapevine, TX 76051
Re:GameStop Corp.
Form 10-K for the Fiscal Year Ended January 28, 2023
Filed March 28, 2023
File No. 001-32637
Dear Diane Saadeh-Jajeh:
We have reviewed your filing and have the following comments. In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for Fiscal Year Ended January 28, 2023
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Consolidated Results of Operations, page 26
1.In the discussion of year over year changes in net sales, gross profit and selling, general
and administrative expenses you identify multiple factors for changes in the line items
without quantifying the impact of each. Please revise to quantify the change for each of
the factors that you cite. Refer to Item 303(b) of Regulation S-K.
Item 8. Financial Statements and Supplementary Data
11. Intangible Assets
Digital Assets, page 52
2.Please provide us with your accounting analysis, including classification, for the IMX and
Digital Worlds NFTs Ltd. transactions citing the authoritative literature used to reach your
FirstName LastNameDiane Saadeh-Jajeh
Comapany NameGameStop Corp.
August 14, 2023 Page 2
FirstName LastName
Diane Saadeh-Jajeh
GameStop Corp.
August 14, 2023
Page 2
conclusions. Also, detail the rights and obligations of the parties and the business purpose
surrounding your right to receive $150 million in IMX tokens.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Scott Stringer at 202-551-3272 or Joel Parker at 202-551-3651 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services