Categories AlphaGraphs, Leisure & Entertainment
Infographic: How GameStop (GME) performed in Q4 2020
GameStop Corp. (NYSE: GME) reported its fourth quarter 2020 earnings results today.
Net sales totaled $2.12 billion compared to $2.19 billion in the year-ago period owing to a decrease in the store base due to strategic de-densification efforts and a reduction in European store operating days due to temporary store closures caused by the COVID-19 pandemic.
Comparable store sales increased 6.5%.
GAAP net income was $80.5 million, or $1.19 per share, compared to $21 million, or $0.32 per share, last year. Adjusted net income was $90.7 million, or $1.34 per share.
Both the top and bottom line numbers missed expectations.
The company is not providing guidance for fiscal year 2021 at present.
Prior performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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