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GameStop makes layoffs as video game retailer looks for profitability boost
GameStop missed analysts’ top- and bottom-line estimates in its fourth-quarter results this week. During its 2023 fiscal year, GameStop’s net sales in the United States, Canada and Australia decreased by 16.2%, 15% and 11.2%, respectively, compared to the prior year. Net sales in Europe increased by 14.1%.
GameStop makes a harsh decision amid declining sales
The recent cost-cutting move from GameStop comes amid the company’s struggle to offset declining sales. In its fourth-quarter earnings report for 2023 GameStop revealed that it only earned $1.794 billion from net sales during the quarter, which is a decrease from the $2.226 billion it earned during the same time period the year before.
GameStop shares fall as video game retailer faces competition, weak spending
GameStop's shares fell more than 14% on Wednesday, as the brick-and-mortar video game retailer reported a decline in fourth-quarter revenue on the back of a spending slowdown and rising competition from e-commerce firms.
GameStop could be gone in less than 5 years, says analyst
As GameStop announces layoffs and mounting losses, Michael Pachter of Wedbush warns the retailer's days could be numbered.
Digital Game Sales Continue Killing Off GameStop, Analyst Says
Video game and nerd culture retailer GameStop appears to be floundering once more. According to a Reuters report, the company recently laid off an unspecified number of employees after reporting a decline in earnings in the fourth quarter as physical sales fall and digital purchases rise.
GameStop’s demise could come later this decade, analyst says
GameStop Corp., which reported a significant sales decline its fourth-quarter results late Tuesday, could meet its demise before the end of this
Video game retailer GameStop slumps after sharp decline in quarterly sales
GameStop's shares slumped more than 18% before the bell on Wednesday, as the brick-and-mortar video game retailer reported a decline in fourth-quarter revenue on the back of a spending slowdown and rising competition from e-commerce firms.
GameStop stock is plummeting in what could be its worst day in a year
GameStop stock fell sharply on Wednesday morning following the news that the video game retailer is cutting jobs as sales decline. GameStop stock had already plummeted in after-hours trading on Tuesday after the release of its fourth-quarter earnings report.
New Report Predicts A Bleak Future for GameStop
A report suggests that GameStop's future could be uncertain amid difficult economic times and an exceptionally hard decline in revenue.
5h
on MSN
GameStop makes layoffs as video game retailer looks for profitability boost
GameStop missed analysts’ top- and bottom-line estimates in its fourth-quarter results this week. During its 2023 fiscal year ...
19h
on MSN
GameStop makes a harsh decision amid declining sales
The recent cost-cutting move from GameStop comes amid the company’s struggle to offset declining sales. In its fourth-quarter ...
20h
on MSN
GameStop shares fall as video game retailer faces competition, weak spending
GameStop's shares fell more than 14% on Wednesday, as the brick-and-mortar video game retailer reported a decline in ...
1d
GameStop could be gone in less than 5 years, says analyst
As GameStop announces layoffs and mounting losses, Michael Pachter of Wedbush warns the retailer's days could be numbered.
1d
GameStop Shares Fall While Krispy Kreme Jumps
Core Durable Goods, which strips out more volatile food and energy products, were expected to increase 0.4% and came in ...
1d
GameStop Runway Narrows After Q4 Results: 'We Expect The Company's Demise At Some Point Later This Decade'
Video game retailer GameStop could see an end in the coming years, according to an analyst. The company is not cutting costs ...
1d
on MSN
Digital Game Sales Continue Killing Off GameStop, Analyst Says
Video game and nerd culture retailer GameStop appears to be floundering once more. According to a Reuters report, the company ...
1d
on MSN
GameStop's demise is anticipated by Wedbush to be before the end of the decade
GameStop (GME) faces declining sales and a lack of clear strategy to replace lost game sales, leading to concerns about its ...
1d
on MSN
GameStop Stock Plunges After Earnings Fall Short of Expectations—Key Level to Watch
GameStop shares were down sharply in premarket trading Wednesday after the video game retailer delivered a quarterly earnings ...
23h
on MSN
These Stocks Moved the Most Today: Trump Media, GameStop, nCino, Cintas, Merck, NIO, Robinhood, Carnival, and More
Shares of Trump Media surge for a second day, GameStop’s fiscal fourth-quarter revenue misses analysts’ estimates, Merck’s ...
1d
on MSN
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed ...
1d
Heard on the Street: GameStop’s Terrible Holiday Season Is Telling
That new Nintendo Switch can’t come fast enough for GameStop. And it may not even matter much when it does. The beleaguered ...
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