U.S. Movers: Chewy, Dave & Buster’s, GameStop, GitLab, Vera Bradley, Victoria’s Secret

  • Scott Peters
  • U.S.A. New York City
  • Jun 11, 2025
  • GameStop swung to a profit in the first quarter, and the company sold its Canadian operations. GitLab failed to meet analyst expectations. Dave & Buster’s reported weak quarterly results.

    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.”

    GitLab Inc. plunged 12.6% to $42.40 after the software developer platform operator reported first-quarter of fiscal 2026 results ending on April 30.

    Revenue edged up to $214.51 million from $169.19 million, net loss narrowed to $35.87 million from a loss of $55.23 million, and diluted loss per share shrank to 22 cents from a loss of 35 cents a year ago.

    The company guided second-quarter revenue to be between $226.0 million and $227.0 million, non-GAAP operating income between $23.0 million and $24.0 million, and non-GAAP diluted earnings per share between 16 cents and 17 cents.

    In comparison, revenue in the second quarter of fiscal 2025 was $182.6 million, non-GAAP operating income was $18.2 million, and non-GAAp diluted earnings per share were 15 cents.

    For the full fiscal year 2026, the company estimated revenue to be between $936 million and $942 million, non-GAAP operating income between $117 million and $121 million, and non-GAAP diluted earnings per share between 74 cents and 75 cents.

    In comparison, full-year 2025 revenue was $759.2 million, non-GAAP operating income was $37.4 million, and non-GAAP diluted earnings per share were 33 cents.

    Dave & Buster’s Entertainment Inc. surged 4.7% to $27.10 after the owner and operator of entertainment and dining venues reported results for its first quarter of fiscal 2025 ending on May 6.

    Revenue declined to $567.7 million from $588.1 million, net income slipped to $21.7 million from $41.4 million, and diluted earnings per share fell to 62 cents from 99 cents a year ago.

    During the quarter, the company repurchased $23.9 million of shares and has $104.1 million remaining on its share repurchase authorization.

    The company opened two new Dave & Buster’s stores and completed the remodels of 13 stores in the first quarter, and subsequent to the end of the quarter, the company opened two additional stores.

    Comparable store sales in the current quarter to date were down 2.2% from a year earlier.

    Victoria’s Secret & Co. eased 0.4% to $22.10 after the lingerie retailer reported results for the fiscal first quarter ending on May 3.

    Net sales declined to $1.353 billion from $1.359 billion, net loss shrank to $1.66 billion from a loss of $3.64 billion, and diluted loss per share narrowed to 2 cents from 5 cents a year ago.

    Comparable sales in the quarter decreased 1% from a year earlier.

    The company estimated net sales for the second quarter to be between $1.380 billion and $1.410 billion, compared to $1.417 billion; adjusted operating income between $15 million and $35 million, compared to $62 million; and adjusted diluted earnings per share between breakeven and 15 cents, compared to 24 cents in the same quarter last year, respectively.

    The company revised its full-year outlook to include a net tariff impact of approximately $50 million for fiscal year 2025.

    The retailer now expects full-year net sales to be between $6.2 billion and $6.3 billion, compared to $6.23 billion, and adjusted operating income between $270 million and $320 million, compared to $373 million a year earlier, respectively.

    Vera Bradley Inc. traded down 5.5% to $2.22 after the luggage and handbag design company reported results for the first quarter of fiscal year 2026, ending on January 31.

    Revenue plunged to $51.65 million from $67.95 million, net loss expanded to $33.46 million from $8.12 million, and diluted loss per share widened to $1.20 from 26 cents a year ago.

    On March 11, the company agreed to sell 100% of Creative Genius Inc., which operates under the name Pura Vida Bracelets, and it is no longer included in the company’s consolidated financial results.

    Chewy Inc. plunged 7.2% to $42.49 after the pet food retailer reported results for the fiscal first quarter ending on May 4.

    Net sales increased to $3.12 billion from $2.88 billion, net income edged down to $62.4 million from $66.9 million, and diluted earnings per share were flat at 15 cents from a year ago.

     

Annual Returns

Company Ticker 2025 2024 2023
Dave & Buster`s Entertainment Inc. PLAY 6% -47% 50%
GitLab Inc. GTLB -6% -5% 28%
Gamestop Corporation GME -1% 76% -23%
Victoria`s Secret & Co. VSCO 13% 35% -39%
Vera Bradley Inc VRA -5% -49% 60%
Chewy Inc. CHWY -1% 45% -48%