GameStop revenue declines 26% to $882m
GameStop has released its financial results for the first quarter ended May 4, 2024.The firm reported a 26% decrease in sales to $882 million, compared to $1.2 billion the previous year. In its preliminary results shared last month, GameStop expected sales to between $872 million and $892 million.The retailer reported a net loss of $32.3 million, down 36% compared to $50.5 million during the same quarter last year. It had previously forecast its net loss to be between $27 million and $37 million. Read more
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