Here's How GameStop Can Stop Losing in 2020
Wall Street expected bad third-quarter results from GameStop (NYSE: GME) but not this bad. Revenue declined 26% year over year, comparable-store sales were down 23%, and though the company has reduced its share count 34% year to date, it still lost $1.02 per share. It also sold its Spring Mobile and Simply Mac businesses, which comprised the only profitable business segment GameStop had last year. It's no wonder shares are down over 60% from their 52-week high.
By now, enough's been said about how bad things are for GameStop. But surely, there are some optimists out there wondering how the company can turn its business around. Here are two things the company must do to survive.
Image source: Getty Images.
Source Fool.com
