GameStop (GME) Misses Q4 EPS by 1c, Revenues Miss; Comps Rise 6.5%

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GameStop Reports Fourth Quarter and Fiscal 2020 Results

March 23, 2021 4:25 PM EDT

Achieved 6.5% Increase in Comparable Store Sales During Fourth Quarter, With Global E-Commerce Sales Increasing 175% for the Fourth Quarter and 191% for Fiscal 2020

Expense Reduction Initiatives Drove $409 Million, or 21%, SG&A Improvement in Fiscal 2020

Strengthened the Balance Sheet and Ended Fiscal 2020 With $635 Million in Total Cash, Laying the Foundation for Transformation

Announces the Appointment of Technology Veteran Jenna Owens as New Chief Operating Officer

GRAPEVINE, Texas, March 23, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:... More