GameStop (GME) Posts Wider Q1 Loss as Revenue Beat; Inventory Rises

GameStop (NYSE: GME) reported Q1 EPS of ($2.08), $0.63 worse than the analyst estimate of ($1.45). Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.32 billion.

Inventory was $917.6 million at the close of the quarter, compared to $570.9 million at the close of the prior year’s first quarter, reflecting a continued focus on improving in-stock levels in merchandise to meet increased customer demand and offset supply chain headwinds.

For earnings history and earnings-related data on GameStop (GME) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Allegion plc (ALLE) Tops Q1 EPS by 8c ; Offers Guidance
• Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up