GameStop gross sales rose as extra individuals returned to its shops final quarter, however its loss widened, damping buyers’ hopes for indicators of a turnaround for the videogame retailer.
The Grapevine, Texas-based firm posted on Wednesday $1.38 billion in web gross sales for the quarter by means of April 30, up from $1.28 billion a yr earlier. On an adjusted foundation, the retailer reported a lack of $2.08 a share, in contrast with a lack of 45 cents a share over the identical interval a yr in the past. Three analysts polled by FactSet anticipated web gross sales of $1.32 billion and an adjusted lack of $1.45 a share.
