The company also posted its fourth consecutive fall in quarterly revenue and missed market estimates.
GameStop fired CEO Matt Furlong two years after hiring him and appointed billionaire Ryan Cohen as executive chairman, sending the company’s shares down 20% in extended trading.
The company did not say why Furlong was terminated and did not immediately respond to a Reuters request for comment seeking details. The videogame retailer also said it would not be holding an earnings call.chairman of GameStopCohen has been at the forefront of driving the company’s transition into e-commerce and has been responsible for the shakeup in its top management, including the hiring of some former Amazon employees.
Jenna Owens was the former chief operating officer and left the company in October 2021, just seven months after joining. Michael Recupero was terminated as chief financial officer last year.
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