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"Inventory was $1.141 billion at the close of the quarter, compared to $861 million at the close of the prior year’s third quarter, reflecting the Company’s focus on front-loading investments in inventory to meet increased customer demand and mitigate supply chain issues," the report reads. The report also noted the retailer's resilience in weathering persistent global supply chain shortages and disruptions.
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In the past quarter, GameStop also established new offices in Seattle and Boston, which the company described as "technology hubs with established talent markets." GameStop attributed its strong sales to its new and expanded relationships with companies such as Samsung ( 005930.KS), LG ( 066570.KS), Razer ( RAZFF), and Vizio ( VZIO). With the Midnight Drive Pack for Fortnite, you can customize your avatar with the Dark.
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Get the all-digital Xbox Series S Fortnite & Rocket League Bundle featuring the Midnight Drive Pack, 1,000 V-Bucks, and 1,000 Rocket League credits. The consensus expectations from the three who rate the company were for an adjusted loss per share of 52 cents, with revenue of $1.19 billion for the third quarter. Microsoft Xbox Series S Digital Edition Fortnite and Rocket League System Bundle. Here are the main metrics from GameStop's report: Revenue beat consensus estimates while loss per share was larger than expected. The comments came after the company reported its third-quarter 2021 results. "We've also been exploring emerging opportunities in blockchain, NFTs and Web 3.0 gaming," he said. "We believe our emphasis on the long-term is positioning us to build what will ultimately become a much larger business relative to where we are in 2021," CEO Matt Furlong CEO said during the video game retailer's earnings call on Wednesday. Far Cry 6 Ultimate Steelbook Edition GameStop Exclusive - PS5 PlayStation 5 GameStop - 60. The Official Online Shop of the NFL 2021 NFL Nike Gear, NFL Apparel & NFL Merchandise - 1.50 to 5.00. GameStop ( GME) is exploring opportunities in blockchain, non-fungible tokens (NFTs), and Web 3.0 gaming. More Deals & Coupons Like 'Madden NFL 22 Standard Edition on sale for at BestBuy and Gamestop' 20 Dec, 3:01 am.