GameStop Tells Investors Why Sales Are Slumping
GameStop (NYSE: GME) investors have been used to hearing bad news over the last year. The video game retailing giant has delivered a long string of weak operating results while struggling to articulate a rebound path for the business.
The company's latest earnings report was surprisingly poor even given those low expectations. GameStop was forced to slash its annual outlook to account for weaker demand for video game hardware and software. In a conference call with investors, CEO George Sherman explained why the company missed its sales targets and expressed optimism that its negative outlook over the next few quarters is just a temporary slump.
Let's take a look at a few highlights from that call.
Source Fool.com
