GameStop reported an adjusted loss from continuing operations of 32 cents per share compared with 21 cent loss expected by analysts.It also slashed its same-store sales forecast to a decline in the low teens compared to previous expectations of a 5% to 10% decrease.GameStop
The company has been struggling to grow sales as consumers increasingly turn to purchasing games and gaming consoles online, through e-commerce sites such as. Trends such as gaming on smartphones or on a computer have also grown in popularity, which are stealing sales from GameStop's brick-and-mortar shops. It also has been a while since consumers have gotten excited about a new gaming system.
Here's what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:Revenue: $1.29 billion vs. $1.34 billion expected It also said it plans to spend less on capital expenditures, lowering its forecast to a range of $90 million to $95 million compared with a previous expectation of $100 million to $110 million.
Rez, rebuff, try again.
That's because gamestop is horrible. You can show up with 5 PS4 pros,6 Xbox ones, a McLaren, 2 Bugattis and 600 games and you will either get $6.27 or $15 bucks store credit.
BrendanielH
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Source: CNBC - 🏆 12. / 72 Read more »