343iBot Posted June 10, 2020 Report Share Posted June 10, 2020 Video game retailer GameStop has announced earnings for its first quarter ended May 2, and as expected, it was a tough period for the company. In total GameStop posted a loss of $165.7 million. For comparison, during the same quarter last year, GameStop posted a profit of $6.8 million. The poor results are due in part to the COVID-19 crisis. GameStop shut down all of its 3,526 stores in the United States; about 65 percent of these stores offered curbside pickup for orders. Internationally, Australia's GameStop-owned EB Games was a bright spot--stores never closed, and sales rose 35 percent. Continue Reading at GameSpotView the full article Quote Link to comment Share on other sites More sharing options...
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