GameStop Corp. (GME), a leading retailer of video game hardware and software products, is scheduled to deliver its fourth-quarter and full-year earnings report on Tuesday, March 26, 2024, after the market closes. Analysts expect EPS to increase 84.4% year-over-year to $0.30 for the quarter that ended January 2024.
However, GME’s fourth-quarter revenue is expected to decline 7.9% year-over-year to $2.05 billion. Also, the retailer fell short of analysts’ revenue estimates in the third quarter due to fierce competition and bleak videogame demand as consumers reduced their spending in an uncertain economy. High inflation and elevated borrowing costs led to uneven spending in the gaming industry.
