GameStop Reports Mixed Quarter, Revenue Falls
Key Financial Metrics
GameStop today reported mixed financial results for its fiscal year 2023, with revenue falling short of expectations but earnings per share beating analyst estimates. Net sales were $5.273 billion for the year, down from $5.927 billion in the previous year. The company attributed the decline in revenue to a number of factors, including the ongoing impact of the COVID-19 pandemic and increased competition from online retailers.
Earnings Call Today
GameStop will host an investor conference call today, December 7, 2022, at 5:00 pm ET to review its financial results and provide an update on its business strategy. The call will be webcast live on the company's website.
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