Gamestop Corporation - Ordinary Shares - Class A

NYSE:GME  
136.49
-5.53 (-3.89%)
Earnings Announcements

GameStop Posts Q1 Sales Of $1.378 Bln Versus $1.277 Bln

Published: 06/01/2022 20:16 GMT
Gamestop Corporation - Ordinary Shares - Class A (GME) - Gamestop Reports First Quarter Fiscal Year 2022 Results.
Q1 Sales $1.378 Billion Versus $1.277 Billion.
Qtrly Loss per Share $2.08.
Inventory Was $917.6 Million at Close of Quarter, Compared to $570.9 Million at Close of Prior Year's Q1.
Ended Quarter With Cash, Equivalents of $1.035 Billion.
Wallet Extension Will Enable Transactions on Gamestop's Nft Marketplace Upon Its Intended Launch in Q2.
Ended Quarter With No Debt Other Than a Low-interest, Unsecured Term Loan Associated With French Government's Response to Covid-19.
Gamestop - Quarter-end Inventory Reflect Focus on Improving In-stock Merchandise Levels to Meet Increased Customer Demand, Offset Supply Chain Headwinds.
Revenue is expected to be $1.27 Billion
Adjusted EPS is expected to be -$1.66

Next Quarter Revenue Guidance is expected to be $1.39 Billion
Next Quarter EPS Guidance is expected to be -$1.59

More details on our Analysts Page.