GameStop Forecasts Lower Q2 Revenue, Higher Profit
GameStop forecasts Q2 net sales of $780m to $800m, down from $972.2m a year earlier, citing prior-year Nintendo Switch 2 timing, planned store closures and sale of its France operations. It expects operating income of $150m to $170m and net income of $290m to $310m, boosted by eBay-related gains. Cash is projected at $5.05bn to $5.07bn.