Gamestop 'A'

GameStop reported a Q2 operating income of $160.2 million, the highest second-quarter figure in company history, and adjusted EBITDA rose to $174 million driven by a 57% surge in Collectibles sales. Net sales fell 18.7% year-over-year to $790.2 million due to tougher comparisons, divestitures and store closures, while SG&A declined and adjusted net income increased to $161.1 million. The company reduced long-term debt by about $1.4 billion, holds roughly $4.9 billion in eBay shares, and cash and equivalents declined after redeploying capital into investments; collectible momentum will be key for future performance. » Plus sur finance.yahoo.com

GameStop said it will begin reopening “select” previously closed stores nationwide, with at least one location in Brooklyn, Ohio, included in the initial rollout. CEO Ryan Cohen purchased 1 million Class A shares on Sept. 10 for about $20.38 each (~$20.4 million) and board member Alain Attal bought 5,000 shares. The company is shifting its sales mix toward collectibles, which made up 45.1% of net sales in the most recent quarter, up from roughly 29% in fiscal 2025, with collectibles sales rising 57% year over year. » Plus sur foxbusiness.com

Ryan Cohen purchased 1,000,000 GameStop shares in multiple trades at a weighted average price of $20.38, a total transaction value of about $20.4 million. The purchase raises his direct holdings to 39,347,842 shares and leaves total insider ownership at roughly 9%, with the market close price near $20.39. The filing is viewed as a bullish signal given Cohen's operational control and recent company results, including a 77% jump in Q2 net income and growth from trading cards and collectibles. » Plus sur finance.yahoo.com