GameStop shares first earnings report since stock market saga

nme.com:

subject of an international stock market frenzy earlier this year.The company’s earnings report took place on Tuesday, March 23, and presented GameStop’s financial performance for the fiscal year 2020.

Overall, despite the company’s stock skyrocketing earlier this year, net sales for the fourth quarter did not exceed that of 2019.

Net sales for the final quarter of 2020 stood at US$2.11billion, compared to the $2.19billion that was tallied during the same period in 2019.While comparable store sales increased by 6.5 per cent, global e-commerce sales increased by 175 per cent, and represented 34 per cent of the total net sales in the fourth quarter of 2020.