GameStop Posts Decline in Quarterly Sales, Reveals Plan to Sell More Stock

Reuters06-07

【Click here to tune into "Roaring Kitty" live broadcast 】

June 7 (Reuters) - GameStop reported a decline in first-quarter net sales on Friday, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores.

The company posted net sales of $881.8 million in the quarter ended May 4, compared with $1.24 billion in the same period a year earlier. The sales decline was steeper than the two Wall Street analysts that cover the stock expected. Their estimates were in a range of $900 million to $1.09 billion per FactSet.

GameStop lost $32.3 million during the quarter, a narrower loss than the $50.5 million suffered in the year-earlier period.

The company also gave an update on its ongoing stock sales, saying it would sell an additional 30 million shares on top of the 45 million it had already sold.

The first quarter results came as a surprise. The company, which will be the subject of a YouTube livestream by meme trader "Roaring Kitty" later Friday, was supposed to release results next week. The shares tumbled 16% in premarket trading, erasing earlier gains.

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Comments

3nn
06-07
3nn
Waiting to collect at $20[Grin]
hongg
06-07
hongg
Revealing it before he streams later. Wow just wow
- SPACE ROCKETReply买香蕉也用券:
  Yah haha. Sadly. If only we are that rich!
- 买香蕉也用券ReplySPACE ROCKET:
  Crying kitty hahahaha still richer than anyof us 100times
- 买香蕉也用券ReplySPACE ROCKET:
  Ahahahahha Crying kitty still probably 100times richer than u
- SPACE ROCKET:
  Guess Roaring Kitty will become Crying Kitty tonight. I rly wonder why he wants to hold so much of it.
- SPACE ROCKET:
  Yah lol!! What were they trying to do right HAHAHAH
yapyap168
06-07
yapyap168
As usual they try to frightened the retail buyer then bully them what is new
Guavaxf30
06-07
Guavaxf30
This feels deja vu. Just like back in 2020 first Meme collapse.
- Guavaxf30:
  Where have all the kittens gone?
  Long time passing….
- Guavaxf30:
  I won’t want to call a price but I did note that GME started the month at below $5.00.
- SPACE ROCKET:
  Sell 30 million shares sia. Who want to be a bag holder of such stock with 0 fundamentals
- SPACE ROCKET:
  Bears will start shorting it back to $20
InvestmentORjoke
06-07
InvestmentORjoke
If you... is your chance...
Boybabyrage
06-07
Boybabyrage
The meme heat is not gonna last long...
- Boybabyrage:
  Its entertaining hahaha
- SPACE ROCKET:
  Haha agree. I'm not into meme stocks but now I'm piqued. Wonder how GME will close tonight lol

Leave a comment

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Wow just wow","listText":"Revealing it before he streams later. Wow just wow","text":"Revealing it before he streams later. Wow just wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/314278850728224","repostId":2441053270,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":314332982190160,"gmtCreate":1717772898535,"gmtModify":1717772903167,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.28","exceedPercentage":"93.45%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":4109941540501062,"repliedAuthor":{"id":4109941540501062,"idStr":"4109941540501062","authorId":4109941540501062,"name":"买香蕉也用券","avatar":"https://community-static.tradeup.com/news/bd3a71caa40eb6e0d2468ff0ffa1a967","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.76%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":314278850728224,"type":1,"supId":314279501021384,"prevId":314332383408144,"content":"Yah haha. Sadly. If only we are that rich!","text":"Yah haha. Sadly. If only we are that rich!","html":"Yah haha. Sadly. If only we are that rich!"},{"id":314332383408144,"gmtCreate":1717772775579,"gmtModify":1717772780415,"authorId":4109941540501062,"author":{"id":4109941540501062,"idStr":"4109941540501062","authorId":4109941540501062,"name":"买香蕉也用券","avatar":"https://community-static.tradeup.com/news/bd3a71caa40eb6e0d2468ff0ffa1a967","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches 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100times"},{"id":314332091568168,"gmtCreate":1717772659895,"gmtModify":1717772664570,"authorId":4109941540501062,"author":{"id":4109941540501062,"idStr":"4109941540501062","authorId":4109941540501062,"name":"买香蕉也用券","avatar":"https://community-static.tradeup.com/news/bd3a71caa40eb6e0d2468ff0ffa1a967","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches 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"},{"id":314279785746648,"gmtCreate":1717759921945,"gmtModify":1717759926829,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches 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I rly wonder why he wants to hold so much of it.","text":"Guess Roaring Kitty will become Crying Kitty tonight. I rly wonder why he wants to hold so much of it.","html":"Guess Roaring Kitty will become Crying Kitty tonight. I rly wonder why he wants to hold so much of it."},{"id":314279501021384,"gmtCreate":1717759848790,"gmtModify":1717759853619,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.28","exceedPercentage":"93.45%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":314278850728224,"type":1,"supId":0,"prevId":0,"content":"Yah lol!! What were they trying to do right <u>HAHAHAH</u>","text":"Yah lol!! What were they trying to do right <u>HAHAHAH</u>","html":"Yah lol!! What were they trying to do right <u>HAHAHAH</u>"}],"langContent":"EN"},{"id":314277076971776,"gmtCreate":1717759139562,"gmtModify":1717759143419,"author":{"id":"3572768958430460","authorId":"3572768958430460","name":"yapyap168","avatar":"https://static.tigerbbs.com/141e16b1f5ac1a71bd9a637c2c1b184d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572768958430460","authorIdStr":"3572768958430460"},"htmlText":"As usual they try to frightened&nbsp; the retail buyer then bully them what is new&nbsp;","listText":"As usual they try to frightened&nbsp; the retail buyer then bully them what is new&nbsp;","text":"As usual they try to frightened the retail buyer then bully them what is new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314277076971776","repostId":2441053270,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":314270217023504,"gmtCreate":1717757598219,"gmtModify":1717757602029,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"This feels deja vu. Just like back in 2020 first Meme collapse.","listText":"This feels deja vu. Just like back in 2020 first Meme collapse.","text":"This feels deja vu. Just like back in 2020 first Meme collapse.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/314270217023504","repostId":2441053270,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":315454936809672,"gmtCreate":1718046820422,"gmtModify":1718046825251,"authorId":3576140222331577,"author":{"id":3576140222331577,"idStr":"3576140222331577","authorId":3576140222331577,"name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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passing…."},{"id":314288501805320,"gmtCreate":1717762053769,"gmtModify":1717762058303,"authorId":3576140222331577,"author":{"id":3576140222331577,"idStr":"3576140222331577","authorId":3576140222331577,"name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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$5.00."},{"id":314277289320744,"gmtCreate":1717759193738,"gmtModify":1717759198312,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches 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Who want to be a bag holder of such stock with 0 fundamentals","text":"Sell 30 million shares sia. Who want to be a bag holder of such stock with 0 fundamentals","html":"Sell 30 million shares sia. Who want to be a bag holder of such stock with 0 fundamentals"},{"id":314276483104968,"gmtCreate":1717759111997,"gmtModify":1717759116682,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches 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$20"}],"langContent":"EN"},{"id":314270158184736,"gmtCreate":1717757450827,"gmtModify":1717757454240,"author":{"id":"3566000123791089","authorId":"3566000123791089","name":"InvestmentORjoke","avatar":"https://static.tigerbbs.com/a60b0fd41de38c454be517fb190750e0","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3566000123791089","authorIdStr":"3566000123791089"},"htmlText":"If you... is your chance...","listText":"If you... is your chance...","text":"If you... is your chance...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314270158184736","repostId":2441053270,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":314269247844488,"gmtCreate":1717757342474,"gmtModify":1717757346148,"author":{"id":"4178332581629092","authorId":"4178332581629092","name":"Boybabyrage","avatar":"https://community-static.tradeup.com/news/5b59a07cca9804884b312ca8a7ac871d","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":8,"crmLevelSwitch":1,"idStr":"4178332581629092","authorIdStr":"4178332581629092"},"htmlText":"The meme heat is not gonna last long...","listText":"The meme heat is not gonna last long...","text":"The meme heat is not gonna last long...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/314269247844488","repostId":2441053270,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":314279936606264,"gmtCreate":1717759869929,"gmtModify":1717759874471,"authorId":4178332581629092,"author":{"id":4178332581629092,"idStr":"4178332581629092","authorId":4178332581629092,"name":"Boybabyrage","avatar":"https://community-static.tradeup.com/news/5b59a07cca9804884b312ca8a7ac871d","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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I'm not into meme stocks but now I'm piqued. Wonder how GME will close tonight <u>lol</u>","text":"Haha agree. I'm not into meme stocks but now I'm piqued. Wonder how GME will close tonight <u>lol</u>","html":"Haha agree. I'm not into meme stocks but now I'm piqued. Wonder how GME will close tonight <u>lol</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":19,"commentSize":8,"repostSize":9,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2441053270"}