Categories AlphaGraphs, Earnings, Leisure & Entertainment
Earnings: A snapshot of GameStop’s Q3 2022 financial performance
GameStop Corp. (NYSE: GME) reported a narrower net loss for the third quarter of 2022 despite the gaming company’s sales decreasing year-over-year.
The company reported a net loss of $94.7 million or $0.31 per share for the latest quarter, on a reported basis, compared to a loss of $105.4 million or $0.35 per share in the same period of last year. The adjusted loss was $0.31 per share, compared to a loss of $0.35 per share in the prior-year quarter. However, the latest number missed estimates.
At $1.19 billion, third-quarter net sales were down 9% from the year-ago period. The top line also fell short of analysts’ estimates.
Check this space to read management/analysts’ comments on GameStop’s Q3 2022 earnings
Sales attributable to new and expanded brand relationships were strong in the quarter. Sales in the collectibles category also remained strong on a year-to-date basis.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to look for when Hormel Foods (HRL) reports Q4 2023 earnings
Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
Kroger set to report Q3 results. Here’s everything you need to know
The Kroger Co. (NYSE: KR), a leading grocery retailer that operates both in-store and online, will be reporting earnings this week. The company, which is preparing to acquire rival retailer
Earnings Preview: Salesforce will likely deliver another strong quarter
Salesforce, Inc. (NYSE: CRM) achieved accelerated sales growth and profitability in recent quarters, in line with its transformation goal. The customer relationship management platform bets on new opportunities in generative
