GameStop’s Horrible Holiday in 1 Chart [The Motley Fool]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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US:NYSE Investor Relations:
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Source: The Motley Fool
New game consoles are coming this year, with the PlayStation and Xbox Series X set to debut in time for the 00 holiday season. It makes sense, then, that sales of the current generation of game consoles would slump ahead of those launches. But the game console product cycle doesn't explain why video game retailer GameStop ( NYSE:GME That's the worst performance by far in recent memory: Chart by author. Data source: GameStop. An accelerated decline GameStop was under no illusion that it would perform well this holiday season. "We expected a challenging sales environment for the holiday season as our customers continue to delay purchases ahead of anticipated console launches in late 00," CEO George Sherman said in the company's holiday sales release. But console purchase delays explain only some of what's going on. The current-generation PlayStation and Xbox One launched in 0. GameStop's holiday comps in the previous year weren't great (down .%), but they were far from a disaster. "Ho
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- 4/23/24 - Form 144
- GME's page on the SEC website