UPDATE—Sept. 10, 2024: This article has been updated to reflect more recent share price information.

GameStop (GME) reports quarterly financial results after the closing bell Tuesday, with analysts expecting lower revenue, a slightly larger net loss, and lower comparable store sales compared to the second quarter of fiscal 2023.

Analysts project GameStop revenue to decline to $900 million from $1.16 billion in the same quarter a year ago, according to estimates compiled by Visible Alpha. The video game retailer is expected to post a net loss of $5.3 million, up from the $2.8 million GameStop lost in the second quarter last year but much smaller than the $32.3 million loss GameStop reported in the first quarter.

The retailer 澳洲幸运5官方开奖结果体彩网:unexpectedly re♔leased its first-quarter r🐻esults early: They were posted before markets closed rather than after the b🏅e𒁏ll as expected.

Key Metric: Comparable Store Sales

After comparable store sales rose just over♛ 2% in the second quarter last year, analysts expect the key retail metric to dro♏p nearly 23% year-over-year when GameStop reports Tuesday.

Several retailers have reported 澳洲幸运5官方开奖结果体彩网:lower spending on dis𝓀cretio⭕nary areas, w🥀hich video games would fall under, in recent quarters, as many Americans face higher prices for esse⛄ntials and search for the best value before making a purchase.

Business Spot♛light൩: Stock Much Calmer Than First Half of 2024

澳洲幸运5官方开奖结果体彩网:After a return of GameStop's 澳洲幸运5官方开奖结果体彩网:meme stock status in the first half of this year largely thanks to 澳洲幸运5官方开奖结果体彩网:Keith Gill, also known online as "澳洲幸运5官方开奖结果体彩网:Roaring Kitty," the stock has had a much less volatile summer. The retailer 澳洲幸运5官方开奖结果体彩网:issued millions of 澳洲幸运5官方开奖结果体彩网:new shares earlier this year.

The retailer could also provide new details on its newest bet on the concept of nostalgia among gamers, announcing late last month plans to convert some of its stores to "retro" locations, centered around selling older consoles and games.

GameStop shares were little changed in intraday trading Tuesday, ahead of the company's earnings report after the bell, leaving them up more than 37% this year but well off highs seen in May and June.