GameStop Expects First-Quarter Sales to Plunge 33%
GameStop (NYSE: GME) announced after the market closed on Thursday that it expects to see global revenue for its quarter ended May 2 to fall between 33% and 35% from the $1.5 billion it recorded in the year-ago period.
Over three-quarters of the video game retailer's 1,800 international stores have been closed since March when the COVID-19 pandemic struck, and all of its 3,500 U.S. stores were closed as well. However, about two-thirds of the domestic locations offered limited curbside pickup for online orders, helping to offset the worst impacts of the coronavirus outbreak.
Image source: Getty Images.
Source Fool.com
