GameStop’s financial results for the second quarter (ended August 3, 2024) showed a continuing decline for the company, with a 45% drop in sales year-on-year.
Net sales amounted to $798 million, versus $1.16 billion in Q2 2023. Its net income was on the rise compared to last year though, at $14.8 million. For the same period last year, GameStop had recorded a loss of $2.8 million.
Looking at its sales in more detail, purchases dropped across the board, down 24.5% for hardware and accessories, 47.8% for software, and 17.7% for collectibles.
