GameStop narrowed its second-quarter loss in a big way.
The videogame and electronics retailer reported a net loss of $2.8 million, or a loss of $0.01 per share, for the quarter ended July 29, compared to a net loss of $108.7 million, or a loss of $0.36 per share, for the year-ago quarter. Net sales inched up to $1.164 billion, compared to $1.136 billion in the prior year.
Once again, GameStop did not hold an earnings call regarding its results, which follow the firing of company CEO Matt Furlong in June and the election of elected Ryan Cohen as executive chairman. In its quarterly securities filing at the time, the company said Cohen’s leadership would “unlock long-term value creation for our stockholders.”
Source: Chain Store Age
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