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A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.
Brendan McDermid | Reuters
GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar retailer has been working to expand its digital presence.
In the third fiscal quarter, which ended Oct. 29, GameStop’s total sales were roughly $1.2 billion, down from $1.3 billion in the same period last year. The company’s cash and cash equivalents fell to nearly $804 million from approximately $1.4 billion a year earlier.
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Source cnbc.com
