GameStop's Q4 sales down 28.5% to $1.28B - Breaking The News

GameStop's Q4 sales down 28.5% to $1.28B

25 March

1 min read

EPA-EFE/TANNEN MAURY

GameStop Corp. revealed on Tuesday that its net sales in the fourth quarter of its fiscal 2024 plunged by 28.5% compared to the same period a year before, to land at $1.28 billion. On the other hand, the company's net income doubled to $131.3 million, while its diluted earnings per share (EPS) stood at $0.29 from the previous year's same quarter's $0.21.

In the full fiscal 2024, GameStop's net sales declined by 27.5% to $3.82 billion, while its diluted EPS for the entire year stood at $0.33, compared to last year's $0.02.

Following the release of the report, GameStop's shares added 6.61% in after-hours trading.

earnings gamestop

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