GameStop (NYSE: GME) recently provided an update on its results for the first fiscal quarter (the period ending in early May) in the wake of the novel coronavirus. One bright spot that management pointed out was that U.S. comps were up 3% in the first three weeks of March (just prior to the store closures), but this is too short a period of time to draw any conclusions. Read More...
GameStop’s Sales Boost Is Too Little, Too Late
GameStop (NYSE: GME) recently provided an update on its results for the first fiscal quarter (the period ending in early May) in the wake of the novel coronavirus. One bright spot that management pointed out was that U.S. comps were up 3% in the first three weeks of March (just prior to the store closures), but this is too short a period of time to draw any conclusions.
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