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Ryan Cohen missing from GameStop earnings call; no Bed Bath & Beyond mention
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Chairman Ryan Cohen did not speak during GameStop's earnings call Wednesday evening as the video game retailer announced its financial results for the second quarter of 2022.
During the earnings call, CEO Matt Furlong walked shareholders through the company's second-quarter results. GameStop reported about $1.14 billion in second-quarter sales, down roughly 4% from the $1.18 billion reported in the second quarter of 2021.
Net losses widened about 76% to $108.7 million from $61.6 million in the prior year's second quarter.
Furlong highlighted that sales attributable to collectibles, which he said GameStop "intend[s] to grow over the long term," grew in the second quarter, compared to $177.2 million the previous year. For the second quarter of 2022, those sales totaled $223.2 million.