GameStop earnings fall short of expectations, but online sales offer some hope
CNN
After a wild few weeks in the spotlight, GameStop's financial results for the three months ended January 30 fell somewhat short of Wall Street expectations.
GameStop (GME) on Tuesday reported net sales of $2.1 billion during the quarter, down 3% from the same period in the prior year and slightly below the $2.2 billion Wall Street analysts had expected, according to Refinitiv. Net income from the quarter hit $80.5 million, or $1.19 per diluted share — well below analysts' projections but a significant improvement from the $21 million in net income it earned during its fiscal fourth quarter last year. One bright spot: The gaming retailer's global e-commerce sales increased 175% and represented 34% of the company's total net revenue during the quarter. During the same period last year, e-commerce made up just 12% of total sales. That bodes well for the company's effort to transition to relying more on online sales, a move that will be especially important given that it closed a net 693 stores during 2020.
As a measles outbreak in West Texas continues to grow, the response from US Health and Human Services Secretary Robert F. Kennedy Jr. has leaned heavily on treatment with vitamin A, as well as “good results” from the use of the steroid budesonide, the antibiotic clarithromycin and cod liver oil.
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The US Centers for Disease Control and Prevention is on the ground in Texas to respond to the growing measles outbreak. The agency posted on X that it’s partnering with the Texas Department of State Health Services.
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Selena Gomez was among the celebrities to wear intricate, hand-embroidered gowns featuring thousands of shimmering embellishments to the 2025 Oscars.
As a measles outbreak in Texas has grown to nearly 150 cases, US Health and Human Services Sec. Robert F. Kennedy Jr. said in an opinion piece on Fox News on Sunday that parents should consult with health-care providers “to understand their options to get the MMR vaccine” for their children.
Selena Gomez was among the celebrities to wear intricate, hand-embroidered gowns featuring thousands of shimmering embellishments to the 2025 Oscars.
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One hundred forty-six measles cases have been reported in the outbreak in West Texas, the Texas Department of Health Services said in an update today. This is 22 more confirmed cases since an update on Tuesday, when 124 cases were reported.