GameStop projects a 28-30% Q1 sales decrease, with net sales of $872M-$892M and a net loss of $27M-$37M.
GameStop expects a 28-30% sales decrease in Q1, with net sales projected to be between $872M and $892M, down from $1.237B a year ago. The company anticipates a net loss of $27M-$37M for the quarter, which is narrower than the $50.5M loss in the same period last year. The stock has been part of a trading frenzy related to retail investors' enthusiasm for the company, and shares fell 10% in premarket trading on Friday.
May 17, 2024
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