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.

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 ...

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.

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

In a strategic repositioning, the GameStop CEO hints at a willingness to accept cryptocurrency in exchange of trading ...

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 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 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 expects a mature Simply Mac store to contribute $80,000 to $120,000 in store-level profit on $2 million to $3 million in revenue. That's a 4% margin, far below the 10% margin achieved by ...