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GameStop’s third-quarter net sales fell 20% to $860 million, down from $1.08 billion last year, the company said Tuesday. The retailer swung from a year-ago net loss of $3.1 million to net ...
GameStop Corp. GME could provide a peek at holiday shopping demand when it reports third-quarter earnings after market close Tuesday. Earnings Estimates: Analysts expect the video game to report ...
While GameStop’s total gross profit remained stable at approximately $1.23 billion in 2024, compared to 2020, the reduced store count pushed gross profit per store to approximately $385,000 ...
If GameStop does report full-year profitability for the first time since 2018 — despite the significant challenges the company has recently faced — management will deserve significant praise.
GameStop Corp. GME and Best Buy Co., Inc. BBY stand at very different crossroads in the retail landscape. GameStop, once heavily dependent on physical video game sales, is in the midst of a deep ...
GME reported a $157.9 million net loss in Q1. One year ago, the company’s Q1 loss was only $66 million. GameStop has been using $300 million in cash to support operations each quarter.
GameStop reported comparable-sales growth of 12.2%, driven mostly by a 44.8% surge in hardware sales. The popularity of the Nintendo Switch was the company's saving grace during the fourth quarter.
GameStop also announced fourth-quarter net profit of $131.3 million, up from $63.1 million in the same time previous year. This article first appeared on GuruFocus.
GameStop's fourth-quarter net income more than doubled to $131.3 million, compared to the same period last year, when it posted $63.1 million.
GameStop stock (GME) fell as much as 15% during the struggling video game retailer's annual shareholder meeting on Monday as the company gave few details on its strategy going forward.
GameStop reported a gross profit of $1.37 billion, SG&A expenses of $1.68 billion and a net loss of $313 million. GameStop’s stock rose on the news of the company’s profitable quarter.
GameStop CEO Matt Furlong said the company's aim is to create a path toward full-year profitability in the future. For the full year, GameStop had $1.39 billion in cash and cash equivalents on ...