GME - GameStop Q4 Earnings Smash Wall Street Expectations: Reports Profitability For First Time In Over Half A Decade | Benzinga
In a stunning turn of events, GameStop Corporation (NYSE: GME) has defied all odds, marking its return to profitability for the first time in over six years. The unexpected achievement comes as a testament to the visionary leadership of Ryan Cohen, who has spearheaded the company's transformation into a cash-generating powerhouse.
Just four years ago, every single analyst on Wall Street had written off GameStop, predicting its inevitable demise to bankruptcy. However, under Cohen's guidance, the company has not only survived but thrived, confounding skeptics with its remarkable resurgence.
One of the key strategies employed by GameStop was the strategic closure of unprofitable stores. While some may view this as a negative aspect, it's a prudent move to ensure the company's long-term viability. After all, trimming the fat is essential for any business striving for success.
Moreover, GameStop's financial performance has surpassed expectations, with its year-over-year percentage increase in earnings outperforming industry giants like Apple, Google, and Microsoft, as well as 490 out of 500 companies in the S&P500. ...