Why Is GameStop Closing Stores After Its Best Sales Month in Years?
GameStop (NYSE: GME) is growing again. The video game retailer delivered that bright operating update as part of an otherwise brutal third-quarter report that showed slumping sales during the weeks leading up to the recent launches of two new consoles.
Those hardware debuts should allow GameStop to announce positive sales and profitability trends over the holiday season, management said in the earnings call with Wall Street analysts. But it's still not clear if the retailer will be able to consistently grow its business through this next generation of console gaming.
Here are some highlights from the conference call with CEO George Sherman and his team.
Source Fool.com
