Commissar SFLUFAN Posted March 21, 2023 Share Posted March 21, 2023 I guess there's still yet some life left in 'em! GameStop stock soars after retailer posts first quarterly profit in two years WWW.CNBC.COM GameStop has been in the midst of a turnaround and posted its first quarterly profit for the first time in two years. Quote GameStop on Tuesday posted a quarterly profit for the first time in two years, finishing out the year on a high note after grappling with sales declines, inventory woes and cash flow pressure. Shares of the company jumped about 23% during after-hours trading. For the quarter ended Jan. 28, net sales dropped slightly to $2.23 billion from $2.25 billion in last year’s fourth quarter. The video game retailer also posted a profit of $48.2 million, or 16 cents a share, compared to a loss of $147.5 million, or 49 cents, a year ago. Quote Link to comment Share on other sites More sharing options...
Bacon Posted March 21, 2023 Share Posted March 21, 2023 2 1 Quote Link to comment Share on other sites More sharing options...
Xbob42 Posted March 21, 2023 Share Posted March 21, 2023 Quote Link to comment Share on other sites More sharing options...
legend Posted March 21, 2023 Share Posted March 21, 2023 Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted March 21, 2023 Share Posted March 21, 2023 Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted March 21, 2023 Share Posted March 21, 2023 1 Quote Link to comment Share on other sites More sharing options...
best3444 Posted March 21, 2023 Share Posted March 21, 2023 God I despise Gamestop. 1 Quote Link to comment Share on other sites More sharing options...
eventide11 Posted March 21, 2023 Share Posted March 21, 2023 I hope they bounce back personally. I mean you don't have to shop there if you don't want to but they aren't THAT bad for us game nerds Quote Link to comment Share on other sites More sharing options...
best3444 Posted March 22, 2023 Share Posted March 22, 2023 11 minutes ago, eventide11 said: I hope they bounce back personally. I mean you don't have to shop there if you don't want to but they aren't THAT bad for us game nerds I've had too many unpleasant visits there that I'm now disgusted. 😆 Quote Link to comment Share on other sites More sharing options...
eventide11 Posted March 22, 2023 Share Posted March 22, 2023 49 minutes ago, best3444 said: I've had too many unpleasant visits there that I'm now disgusted. 😆 I guess I'm in the minority. Other than horrible trade in practices they've always been cool in my area Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted March 22, 2023 Share Posted March 22, 2023 I haven't shopped there in years but I miss the ritual. I miss browsing shelves not really knowing what you might find. Even the Best Buy in my area is getting anemic. I do wish they could find a niche. Maybe re-brand that shit. The GameStop name is so tarnished for so many people 2 Quote Link to comment Share on other sites More sharing options...
TheLeon Posted March 22, 2023 Share Posted March 22, 2023 I miss bringing in 6 games and getting one in exchange. 1 1 Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 22, 2023 Share Posted March 22, 2023 NFTs saved them. Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted March 22, 2023 Share Posted March 22, 2023 If I had to guess I would say it's probably the influx of PS5s in stock and it will be a short-lived bubble. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 22, 2023 Author Share Posted March 22, 2023 20 minutes ago, XxEvil AshxX said: If I had to guess I would say it's probably the influx of PS5s in stock and it will be a short-lived bubble. Quote The retailer had been working to steer itself back to profitability, and got there in part by cutting costs. Selling, general and administrative expenses came in at $453.4 million for the quarter, or 20.4% of sales, compared to $538.9 million, or 23.9% of sales, in the year-earlier period. Quote Link to comment Share on other sites More sharing options...
nublood Posted March 22, 2023 Share Posted March 22, 2023 14 hours ago, TheLeon said: I miss bringing in 6 games and getting one in exchange. Or getting a whole 10 dollars for a 1 month old game. Good times! Quote Link to comment Share on other sites More sharing options...
ort Posted March 22, 2023 Share Posted March 22, 2023 Everyone stocking up on Funko Pops post pandemic? Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 22, 2023 Share Posted March 22, 2023 9 minutes ago, ort said: Everyone stocking up on Funko Pops post pandemic? They all went to a landfill. Quote Link to comment Share on other sites More sharing options...
ort Posted March 22, 2023 Share Posted March 22, 2023 Yup, my understanding is that the Funko Pop market is currently imploding and that sales have absolutely cratered due to them over-saturating the market. (and the fact that Funko Pops are stupid as heck) Quote Link to comment Share on other sites More sharing options...
EternallDarkness Posted March 23, 2023 Share Posted March 23, 2023 9 hours ago, ort said: Yup, my understanding is that the Funko Pop market is currently imploding and that sales have absolutely cratered due to them over-saturating the market. (and the fact that Funko Pops are stupid as heck) Funko Pop! figurines to be trashed as company moves to throw out $30 million worth in excess WWW.USATODAY.COM Funko plans to "eliminate" the excess toys in the first half of 2023. Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted March 23, 2023 Share Posted March 23, 2023 On 3/21/2023 at 9:28 PM, Keyser_Soze said: NFTs saved them. I assumed it was they finally hit the magic number of stores closed and employees let go. 18 hours ago, ort said: Yup, my understanding is that the Funko Pop market is currently imploding and that sales have absolutely cratered due to them over-saturating the market. (and the fact that Funko Pops are stupid as heck) wait, people were actually collecting them as an investment?? Quote Link to comment Share on other sites More sharing options...
ort Posted March 23, 2023 Share Posted March 23, 2023 Yes. There is a market for them like baseball cards. Some are worth thousands. There are people who own thousands and thousands of them. I know some people who own WAY WAY too many. I don't get it. I mean, I get it a tiny bit, but no thank you. I own about 5 or 6 Funko Pops... all of them gifts. I once heard them described as Precious Moments figurines for nerds, which is just perfect... Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted March 23, 2023 Share Posted March 23, 2023 On 3/22/2023 at 12:18 PM, nublood said: Or getting a whole 10 dollars for a 1 month old game. Good times! I miss the in general 5 dollar price difference between new and preowned. 1 Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted March 23, 2023 Share Posted March 23, 2023 37 minutes ago, ort said: Yes. There is a market for them like baseball cards. Some are worth thousands. There are people who own thousands and thousands of them. I know some people who own WAY WAY too many. I don't get it. I mean, I get it a tiny bit, but no thank you. I own about 5 or 6 Funko Pops... all of them gifts. I once heard them described as Precious Moments figurines for nerds, which is just perfect... Anime waifus 1 - funko pops nil I don't think the art style is good. Rather have like SD anime waifus or something at that point. Hell had like a really cool toon link by Good Smile Company that basically shyts on whatever the funko pop equivalent could be. Edit: I mourn collecting for the sake of collecting as well. Quote Link to comment Share on other sites More sharing options...
DarkStar189 Posted March 23, 2023 Share Posted March 23, 2023 On 3/21/2023 at 9:30 PM, XxEvil AshxX said: I haven't shopped there in years but I miss the ritual. I miss browsing shelves not really knowing what you might find. Even the Best Buy in my area is getting anemic. I do wish they could find a niche. Maybe re-brand that shit. The GameStop name is so tarnished for so many people I was surprised by how small the gaming section got at one of the Best Buy’s in my area. They even slightly remodeled the store to focus more on in store pick up and shipping. One side of the store is just a giant pick up counter. Quote Link to comment Share on other sites More sharing options...
Phaseknox Posted March 23, 2023 Share Posted March 23, 2023 On 3/21/2023 at 6:31 PM, TheLeon said: I miss bringing in 6 games and getting one in exchange. You could maybe get one old inexpensive pre-owned game for six games, but definitely not a new full priced one. Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted March 23, 2023 Share Posted March 23, 2023 59 minutes ago, DarkStar189 said: I was surprised by how small the gaming section got at one of the Best Buy’s in my area. They even slightly remodeled the store to focus more on in store pick up and shipping. One side of the store is just a giant pick up counter. Our is getting pretty barren all around (but the one down the street next to the richies is pretty damn stuffed). It's a self-fulfilling prophecy. Fewer customers so they start stocking less. Less stock is less reason to go there, so fewer customers. I'm honestly surprised they haven't closed it down yet. Quote Link to comment Share on other sites More sharing options...
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