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GameStop Trade Anything Day Could Ignite Stock Ahead Of Earnings
Benzinga· 2025-12-03 21:11
Core Viewpoint - GameStop Corporation is launching "Trade Anything Day" on December 6, which aims to attract customers into stores ahead of its quarterly financial results on December 9, potentially boosting stock interest [1][4]. Group 1: Event Details - "Trade Anything Day" allows customers to trade in a wide variety of items, not just video games and tech products, redefining the trading experience at GameStop [3]. - The event has gained significant attention on social media platforms, with users able to trade in items fitting within a 20x20x20 inch box for a $5 trade credit towards future purchases [4]. Group 2: Business Strategy - GameStop is diversifying its offerings by branching into collectibles and trading cards, which may be highlighted during the event [2]. - The event could attract new customers and those who have not visited stores recently, potentially revitalizing interest in the company's struggling Hardware and Accessories and Software segments [6]. Group 3: Financial Expectations - Analysts project GameStop will report third-quarter revenue of $987.3 million, an increase from $860.3 million in the same quarter last year [7]. - Earnings per share are expected to rise to 20 cents, up from 6 cents in the previous year, with the company having beaten earnings estimates in three consecutive quarters [8]. Group 4: Stock Performance - GameStop stock is currently trading at $23.11, reflecting a 1.3% increase, although it is down 24.6% year-to-date in 2025 [9].