GameStop Q2 net sales up 21% YoY to $1.2B

Wednesday, 08. September 2021 22:10

GameStop unveiled on Wednesday that its net sales for the second quarter of the fiscal year reached $1.2 billion, constituting a per annum increase of 21%.

For the same time period, the company stated that its net loss for the quarter stood at $61 million which is a 44% improvement from last year's net loss of $111 million. GameStop's diluted loss per share amounted to $0.85.

The company noted that it ended the quarter with cash and restricted cash in the value of $1.78 billion and no long-term debt, other than a $47.5 million loan as part of the French government's pandemic response.

GameStop shares were down 2.92% in the after-hours trading session following the release of the report.

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Breaking the News / OL