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The Wall Street Publication > Blog > Markets > Taking the Games Out of GameStop
Markets

Taking the Games Out of GameStop

Editorial Board Published December 9, 2021
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Taking the Games Out of GameStop
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A videogame retailer without games? The new GameStop seems to think it is at least plausible.

The retail chain’s fiscal third-quarter results reported late Wednesday showed the company’s third consecutive period of double-digit sales growth. Revenue jumped 29% year over year to about $1.3 billion. That was ahead of the $1.2 billion consensus target of the few Wall Street analysts still willing to cover the meme-addled stock. But merchandise inventory also exploded by 91% from the previous quarter—the biggest sequential jump in more than a decade as the company claimed it was “front-loading investments” to meet increased demand and mitigate supply-chain issues. GameStop’s share price fell 10% Thursday.

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