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The Wall Street Publication > Blog > Tech > GameStop Sales Climb as Loss Widens
Tech

GameStop Sales Climb as Loss Widens

Editorial Board Published June 1, 2022
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GameStop Sales Climb as Loss Widens
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GameStop sales rose as more people returned to its stores last quarter, but its loss widened, damping investors’ hopes for signs of a turnaround for the videogame retailer.

The Grapevine, Texas-based company posted on Wednesday $1.38 billion in net sales for the quarter through April 30, up from $1.28 billion a year earlier. On an adjusted basis, the retailer reported a loss of $2.08 a share, compared with a loss of 45 cents a share over the same period a year ago. Three analysts polled by FactSet expected net sales of $1.32 billion and an adjusted loss of $1.45 a share.

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