GameStop Corp.
For the period ended Jan 31, 2026. Filed Mar 24, 2026.
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FY2026 · Filed Mar 24, 2026
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Assets Held for Sale
- Assets Held for Sale
During the first quarter of fiscal 2025, management approved a plan to divest our operations in France. Accordingly, all relevant assets and liabilities associated with these operations were reclassified to held for sale in our Consolidated Balance Sheets, and as of January 31, 2026 are as follows:
| Assets Held for Sale | |
|---|---|
| Cash and cash equivalents | $22.5 |
| Receivables, net | 8.7 |
| Merchandise inventories, net | 53.6 |
| Prepaid expenses and other current assets | 5.8 |
| Property and equipment, net | 12.9 |
| Operating lease right-of-use-assets | 58.3 |
| Other noncurrent assets | 15.3 |
| Total assets held for sale (gross) | 177.1 |
| Less: Impairment loss | (30.6) |
| Total assets held for sale (net) as of January 31, 2026 | $146.5 |
| Liabilities held for sale | |
| Current liabilities | $86.4 |
| Noncurrent liabilities | 49.7 |
| Total liabilities held for sale as of January 31, 2026 | $136.1 |
Based on theexpected fair value of this business, net of our costs to sell, we recognized an impairment charge of $17.2 million on Assets held for sale for the French disposal group in the first quarter of fiscal 2025. During the reminder of fiscal 2025, we recorded additional impairment charges totaling$12.6 million. These amounts reflect the remeasurement of the carrying value of the French disposal group to its fair value, including related amounts in Accumulated Other Comprehensive Income.
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