• Loading stock data...
Thursday, September 18, 2025

GameStop’s Underwhelming Quarterly Earnings

  • GameStop reported its first quarterly earnings since its stock became a national curiosity.
  • The company posted net sales of $2.1 billion, down 3% from the previous year.
GameStop/Design: Alex Brooks

After months of its stock price being tugged by the whims of hedge funds and retail investors, GameStop produced its first earnings report since the “meme-stock” craze.

The company reported net sales of $2.1 billion for the 13 weeks ending on Jan. 30, 3% below the $2.2 billion it reported for the same period last year, before the pandemic.

With its stores closing in March 2020 due to the pandemic, GameStop’s near-equal sales total came with fewer operating expenses, causing its net income to jump to $81 million in the quarter, from $21 million the previous year.

Adding to the drama, the company’s chief customer officer Frank Hamlin said on Tuesday that he would resign on March 31. Hamlin is the second C-level executive to depart since RC Ventures, the venture firm of Chewy cofounder Ryan Cohen, upped its investment to 13% of the company. Cohen, who has three board seats at GameStop, has pushed the company to shift from brick and mortar to e-commerce.

Chief financial officer Jim Bell was pushed out in February, and on Tuesday, GameStop announced that Jenna Owens, formerly of Amazon and Google, would be stepping in as chief operating officer. 

Cohen’s influence was also visible in the appointment of a new senior vice president of e-commerce, Neda Pacifico, previously Chewy’s vice president of e-commerce. Pacifico was an executive at Amazon prior to Chewy.

GameStop’s stock price was down to $181.12 at market close Tuesday. It reached a peak of $483 earlier this year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The cover of the College Football 25 video game.
exclusive

Group That Facilitated NIL Deal for Football Video Game Now Says It’s..

EA offered $1,500 and no royalties; it also deleted an opt-out clause.
Sponsored

Top Esports Athletes Will Compete for National Glory in the Esports Nations..

The new biennial event, starting in 2026, kicks off a monumental next era for esports.

Everything You Need to Know About EA’s Return to College Basketball Video..

There hasn’t been a college basketball game in more than 15 years.
Arch Manning

EA Sports to Pay Players $1,500 for College Football Game, With Royalties..

A company is still negotiating for royalties, a source tells FOS.

Featured Today

Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.