GameStop forecasts a notable increase in its second-quarter profit, projecting net income between $290 million and $310 million for the 13 weeks ending August 1. This anticipated profit represents a substantial jump from the $168.6 million earned in the same period last year. The company's outlook comes even as it expects to report lower sales for the quarter. Specific sales figures were not immediately available in the earnings preview.
GameStop Predicts Increased Profit Amidst Sales Decline
The videogame retailer anticipates a significant rise in net income for its second quarter, despite reporting lower sales.
