Can GameStop Stay Relevant Through the Next-Gen Disruption? [The Motley Fool]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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phx.corporate-ir.net/phoenix.zhtml?c=130125&p=irol-irhome
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Source: The Motley Fool
Investors didn't find a lot to celebrate inGameStop(NYSE:GMEIn aconference callLet's look at a few highlights from that presentation.Image source: Getty Images.Shrinking the baseOur high sales transfer rate and expanded omnichannel capabilities will continue to allow us to accretively optimize market and trade area profitability.Most of the industry's defining trends today -- including the shift toward digital game purchasing, reduced in-person shopping, and a demand lull due to anticipation for new console launches -- are working against GameStop. Yet the management team believes it has the right strategy in place to navigate through that brutal selling environment.It is busy closing underproductive stores, for example, having reduced its selling footprint by 0% year over year. The good news is that a large portion of the business from those locations transferred to neighboring stores or to the online channel this quarter. As a result, GameStop is gaining efficiency and reducing risk
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News
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/19/24 - Form 144
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- GME's page on the SEC website