The end of the current video game console cycle is weighing on sales and earnings at GameStop. But the company remains quite profitable, and management is moving quickly to cut costs.
News & Analysis: GameStop
The retailer needs to boost the profitability of its stores, so the closures it has already telegraphed for this year will only be the beginning.
The struggling video game retailer’s “Reboot” plans are filled with vague promises and unrealistic expectations.
One was hurt by its own guidance, another by weak earnings, and the third by fear of new regulations.
A buoyant market wasn't enough to fend off steep declines for a video game retailer and a restaurant chain.
Here are the second-quarter figures investors need to know and what GameStop's strategy is now.
The retailer is aiming for better earnings -- but likely not until 2021.
GME earnings call for the period ending August 3, 2019.
The hot exercise hardware and software purveyor slaps a price tag on its stock, while General Electric is raising funds through its latest asset sale.
The lead-up to the next-gen game consoles is only making things worse.