GRAPEVINE, Texas – The gaming merchandise company GameStop Corp. announced on Monday preliminary unaudited sales results for the first quarter to date ending April 3, 2021, compared to the nine weeks ended April 4, 2020.
PRELIMINARY SALES PERFORMANCE
For the first nine weeks of fiscal year 2021, total global sales increased approximately 11% from the nine-week period ending April 4, 2020.
February: For the four-week period ending Feb. 27, 2021, total global sales increased approximately 5.3% from the four-week period ending Feb. 29, 2020.
March: For the five-week period ending April 2, 2021, total global sales increased approximately 18% from the five-week period ending April 4, 2020.
As a reminder, during the first quarter of fiscal year 2020 and due to the spread of COVID-19 around the world, the company’s operations across 14 countries were affected due to temporary store closures and other government-mandated restrictions that resulted in limited operations, the company said in a news release.
During the first nine weeks of FY 2021, similar government-mandated restrictions resulted in limited operations, primarily in Europe, and the company operated with an approximately 13% reduction in the store base due to strategic store optimization efforts.