GameStop (NYSE:GME) reported Q1 EPS of ($2.08), $0.63 worse than the analyst estimate of ($1.45). Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.32 billion.
Inventory was $917.6 million at the close of the quarter, compared to $570.9 million at the close of the prior year’s first quarter, reflecting a continued focus on improving in-stock levels in merchandise to meet increased customer demand and offset supply chain headwinds.