v3.23.1
Segment Information
12 Months Ended
Jan. 28, 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 headquarters in Grapevine, Texas. We measure segment profit using operating earnings, which is defined as income from continuing operations before net interest expense and income taxes. Transactions between reportable segments consist primarily of royalties, management fees, inter-segment loans and related interest. There were no material inter-segment sales during fiscal 2022, 2021 and 2020. Information on total assets by segment is not disclosed as such information is not used by our chief operating decision makers to evaluate segment performance or to allocate resources and capital.
The following table presents segment information:
United
States
CanadaAustraliaEuropeTotal
As of and for the Fiscal Year Ended January 28, 2023
Net sales$4,093.0 $344.1 $588.7 $901.4 $5,927.2 
Operating (loss) earnings(286.2)(8.6)13.8 (30.6)(311.6)
Depreciation and amortization40.6 4.1 6.7 10.3 61.7 
Asset impairments— — — 2.7 2.7 
Capital expenditures37.6 — 12.7 5.6 55.9 
Property and equipment, net83.3 3.7 20.9 28.6 136.5 
As of and for the Fiscal Year Ended January 29, 2022
Net sales$4,186.5 $332.3 $591.8 $900.1 $6,010.7 
Operating (loss) earnings(358.1)(1.1)30.6 (39.9)(368.5)
Depreciation and amortization50.7 2.9 7.0 15.9 76.5 
Asset impairments0.2 — — 6.5 6.7 
Capital expenditures42.3 3.1 9.4 7.2 62.0 
Property and equipment, net100.1 8.3 15.6 39.6 163.6 
As of and for the Fiscal Year Ended January 30, 2021
Net sales$3,417.1 $258.4 $625.3 $789.0 $5,089.8 
Operating (loss) earnings(211.0)(0.3)52.2 (78.7)(237.8)
Depreciation and amortization51.2 3.1 7.6 18.1 80.0 
Asset impairments11.3 0.1 — 4.1 15.5 
Capital expenditures54.5 1.0 2.3 2.2 60.0 
Property and equipment, net125.2 8.2 14.8 53.0 201.2