If GameStop does report full-year profitability for the first time since 2018 — despite the significant challenges the company has recently faced — management will deserve significant praise.

GameStop has not yet responded to a request for comment. While original meme stock GameStop reported a second-quarter profit, its sales dropped more than 30% to below analyst expectations.

GameStop's high asset turnover ratio compared to the broader market indicates the company can still generate revenue despite cost-cutting measures. Bernard Zambonin Oct 18, 2023 6:02 AM EDT ...

Key Takeaways GameStop posted a surprise profit but continues to lose revenue in core retail.The company is shifting into ...

GameStop reported comparable-sales growth of 12.2%, driven mostly by a 44.8% surge in hardware sales. The popularity of the Nintendo Switch was the company's saving grace during the fourth quarter.

GameStop also announced fourth-quarter net profit of $131.3 million, up from $63.1 million in the same time previous year. This article first appeared on GuruFocus.

GameStop CEO Matt Furlong said the company's aim is to create a path toward full-year profitability in the future. For the full year, GameStop had $1.39 billion in cash and cash equivalents on ...

It’s Time to Rethink Your Strategy With GameStop Stock October 08, 2021 — 01:09 pm EDT Written by Chris Tyler for InvestorPlace -> InvestorPlace - Stock Market News, Stock Advice & Trading Tips ...

The other problem is that GameStop has already tried a diversification strategy in the past. It didn't work. The company acquired Spring Mobile, a retailer of wireless phones and plans, back in 2014.