5 Things GameStop Management Wants You to Know
GameStop (NYSE: GME) stock has been hammered in 2017, trading down roughly 25% year to date and 13% since the company's Aug. 24 second-quarter earnings release. The core issue facing the video-game retailer is that an increasing share of video-game sales will continue to migrate to digital channels in the coming years -- cutting into the new and used software categories that have historically accounted for the greatest share of the company's sales and profits. To combat this trend, the company is in the midst of a diversification effort, and that means investors should keep a close eye on the retailer's operations.
Read on for a look at five of the most important takeaways from GameStop's most recent earnings call, with quotes coming from a transcript from Thomson Reuters.
Image source: Getty Images.
Source: Fool.com
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