GameStop Posts Record $389.6 Million Profit as Collectibles Drive Shares Up 13%

2 articles · Updated · Bloomberg · Jun 2

$389.6 million in quarterly net income marked the highest profit in GameStop's history, sending the retailer's shares up as much as 13% in after-hours trading.
Sales rose 14% to $835.3 million, with action figures, trading cards and other collectibles driving the earnings surge rather than the company's traditional video-game business.
The results signal GameStop's continued shift toward higher-margin collectibles as it looks beyond its long-struggling core retail model.

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