GameStop Corp (NYSE:GME) stock gained almost 5% in Monday premarket trading as investors weighed weaker preliminary second-quarter sales, stronger profit expectations and changes to the company’s convertible-note exchange.
Q2 Sales Fall As Profit Climbs
GameStop expects second-quarter 2026 net sales of $780 million to $800 million (against an analyst consensus estimate of $756.85 million), down from $972.2 million a year earlier.
The company attributed the decline mainly to the prior-year Nintendo Switch 2 launch, planned store closures and the divestiture of its France operations.
Operating income is expected to rise to $150 million-$170 million from $66.4 million. Net income is projected at $290 million-$310 million, up from $168.6 million a year earlier.
