GameStop's Q1 Financial Results and Equity Offering Overview

Friday, 7 June 2024, 11:16

GameStop Corp released its Q1 2024 results ahead of the 'Roaring Kitty' event, reporting net sales of $881.80 million, down from the previous year. The company missed sales estimates, with an EPS loss of $(0.12), reflecting the shift to online sales and collectibles. GameStop also filed for a capital raise through an equity offering.
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GameStop's Q1 Financial Results and Equity Offering Overview

GameStop's Q1 Results and Equity Offering

GameStop Corp (NYSE:GME) released its first-quarter 2024 results, reporting net sales of $881.80 million, with an EPS loss of $(0.12), missing estimates.

Sales Impact and Transition

The company's performance reflects the growing trend of online sales and collectibles, indicating a shift in customer behavior.

  • Net Sales: $881.80 million
  • EPS: $(0.12)
  • Missed estimates and reflects customer shift to online sales.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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