GameStop Corp. (NYSE: GME) ("GameStop" or the "Company") today announced certain preliminary unaudited financial information for the first quarter ended May 4, 2024 .
On a preliminary basis for the 13-weeks ended May 4, 2024 compared to the 13-weeks ended April 29, 2023 :
-- Net sales are expected to be in the range of $0.872 billion to $0.892
billion compared to $1.237 billion in the prior year fiscal quarter.
-- Selling, general and administrative ("SG&A") expenses are expected to be
in the range of $290 million to $300 million , compared to $345.7 million
in the prior year fiscal quarter.
-- Net loss is expected to be in the range of $27 million to $37 million ,
compared to a net loss of $50.5 million in the prior year fiscal quarter.
-- Cash, cash equivalents and marketable securities are expected to be in
the range of $1.073 billion to $1.093 billion , compared to $1.310 billion
at the close of the prior year fiscal quarter.
