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GameStop Forecasts Lower Q2 Revenue, Higher Profit

GameStop logoGameStop
Sig2.45Sen+1.15Env0.00Soc-0.20Gov+0.25

GameStop forecasts Q2 net sales of $780m to $800m, down from $972.2m a year earlier, citing prior-year Nintendo Switch 2 timing, planned store closures and sale of its France operations. It expects operating income of $150m to $170m and net income of $290m to $310m, boosted by eBay-related gains. Cash is projected at $5.05bn to $5.07bn.

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