1 year 7 months ago
Link
Ever since its meme stock rally, GameStop's business has produced quarterly losses but growing sales.
The retailer yesterday released its earnings for the three months ended July 30, bringing the streak of quarterly losses to six, while also seeing the first year-over-year decline in sales since RC Ventures' Ryan Cohen and two of his allies were added to the board of directors in January of 2021, just days before the share price skyrocketed.
Net sales: Down 4% to $1.14 billion