Video game retailer GameStop Corp (NYSE:GME) stock released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date.
The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million.
The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share.
The performance reflects customers transitioning to video games and collectibles online, while the retailer depended on brick-and-mortar stores, …