Earnings Per Share And Earnings Forecasts

GameStop Corporation Quarterly and Annual Earnings Data Released

Earnings Per Share and Earnings Forecasts

GameStop Corporation (GME) has released its annual and quarterly earnings data. The company's net sales for the fiscal year 2023 were $52.73 billion, compared to $59.27 billion in the fiscal year 2022. Earnings per share (EPS) for the fiscal year 2023 were $0.73, a 59.7% decrease from the $1.81 EPS reported in the fiscal year 2022.

Key Findings

Other key findings from the earnings report include:

• Revenue declined by 10.9% year-over-year.
• Same-store sales decreased by 8.3%.
• Operating income was down by 60.1%.

Despite the decline in financial performance, GameStop remains committed to its long-term strategy. The company is focusing on enhancing its e-commerce platform, expanding its product offerings, and improving its customer experience.