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 ...

GameStop has not yet responded to a request for comment. While original meme stock GameStop reported a second-quarter profit, its sales dropped more than 30% to below analyst expectations.

Key Takeaways GameStop posted a surprise profit but continues to lose revenue in core retail.The company is shifting into ...

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's high asset turnover ratio compared to the broader market indicates the company can still generate revenue despite cost-cutting measures. Bernard Zambonin Oct 18, 2023 6:02 AM EDT ...

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 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 ...

Shares of GameStop Corp (NYSE:GME) are pushing higher in Monday afternoon trading, seeing a spike in volatility despite a ...

It’s Time to Rethink Your Strategy With GameStop Stock October 08, 2021 — 01:09 pm EDT Written by Chris Tyler for InvestorPlace -> InvestorPlace - Stock Market News, Stock Advice & Trading Tips ...

The other problem is that GameStop has already tried a diversification strategy in the past. It didn't work. The company acquired Spring Mobile, a retailer of wireless phones and plans, back in 2014.