Video game retailer GameStop Corp (NYSE:GME) stock released its first-quarter 2024 results ahead of its scheduled June 11. The company reported net sales of $881.80 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.30 million. The company reported an EPS loss of $(0.12), missing the estimate of $(0.09). The performance reflects customer’s transition to video games and collectibles online, while the retailer depended on brick-and-mortar stores, Reuters reports. The gross margin improved by 450 bps to 27.7%. ...