GameStop expects first-quarter revenue to drop-March 2024-www.financetom.com

GameStop expects first-quarter revenue to drop

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GameStop expects first-quarter revenue to drop

May 17, 2024 4:36 AM

May 17 (Reuters) - GameStop ( GME ) expects

first-quarter net sales to drop from a year ago, as customers

transition to buying video games and collectibles online, while

the retailer largely relies on brick and mortar stores.

The company said net sales is expected to be in the range of

$872 million to $892 million, down from $1.237 billion a year

ago.

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