GameStop's (GME) Preliminary Results Highlight Soft Q1 Sales

GameStop Corp. (GME) has released preliminary financial results for the first quarter of fiscal 2024, highlighting a tumultuous period for the retailer, with a significant drop in sales and strategic financial maneuvers. According to the report, net sales for the quarter are expected between $872 million and $892 million, suggesting a stark decline from the $1.237 billion reported in the prior-year quarter. This drop reflects the ongoing challenges within the retail sector and shifts in consumer behavior af ...