GameStop: The Company Has Leveled Up

Summary:

  • GameStop posted what can only be called a really solid quarter at a time when sentiments regarding the business were incredibly negative.
  • Cost-cutting initiatives are working and the firm is benefiting from strong industry demand on the hardware side.
  • Its collectibles business continues to expand and management hopes to make further improvements this year.
  • The prospects of the company in the long run are still bleak, but the firm has definitely leveled up from here.

Retail Trader Favorite Gamestop Reports Quarterly Earnings

Justin Sullivan/Getty Images News

March 21st was a fantastic day for shareholders of video game retailer GameStop (NYSE:GME). After announcing financial results that exceeded expectations on both the top and bottom lines for the final quarter of

Financials

Author – SEC EDGAR Data

Financials

GameStop

Financials

Author – SEC EDGAR Data

Financials

Author – SEC EDGAR Data


Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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