GameStop's Financial Numbers Are Improving

Eddie Makuch
9/7/2023

Video game retailer GameStop has released its latest earnings report, and the company's fortunes are improving. The company's total net sales reached $1.164 billion for the quarter that ended on July 29, up from $1.136 billion during the same quarter last year.GameStop still posted an overall net loss of $2.9 million for the quarter. However, the net loss of $2.9 million was a significant improvement against the $108.7 million loss from last year. At the end of the quarter, GameStop had $1.195 billion in cash, cash equivalents, and securities on hand.GameStop made most of its money this quarter, $597 million, from hardware and accessories sales. Software sales reached $397 million and revenue from collectibles amounted to $169.8 million. The collectibles category was the only one to experience a year-over-year decline in net sales.Continue Reading at GameSpot...

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