Gamestop Corporation
- GameStop Corp. eased 3.5% to $29.08 after the retailer of video games and consumer electronics reported first-quarter fiscal 2025 results ending on May 3.
Net sales declined to $732.4 million from $881.8 million, net income swung to a profit of $44.8 million from a loss of $32.3 million, and diluted earnings per share swung to a profit of 9 cents from a loss of 11 cents a year ago.
The company sold its Canadian operations to French-Canadian entrepreneur Stephan Tetrault, adding to his list of toy and gaming ventures.
The sale of GameStop’s international assets follows news in March that the company would close a “significant number” of stores in 2025.
In 2024, the company decreased its footprint with the closure of about 600 U.S. locations.
In the fourth quarter, GameStop completed its divestiture of its operations in Italy and “the wind-down of store operations in Germany.”
Jun 11, 2025
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