GameStop sales in its collectibles category, which includes TCGs and other tabletop games, soared even as overall sales plummeted in its most recent quarter ended May 3, 2025. Collectible sales were up 55% to $211.5 million from $136.8 million in the year ago period; overall sales were down 17%, behind a 30% drop in videogames, hardware, and accessories. GameStop’s success in growing sales in the collectibles category began in 2024, when it began buying slabbed Pokemon TCG cards in its stores and selling them online (see “Collectibles Pivot Working“).
In addition to organic declines in same store sales, the chain has been aggressively closing locations, with nearly 1,000 stores closed in its last fiscal year ended February 1 (see “GameStop Closed“). The company closed on the sale of its Canadian operations to McFarlane Toys co-owner Stephan Tetrault on May 4 (see “McFarlane Toys Co-Owner Buys Canada“), after the period ended, which will bring down the store count further.
GameStop’s cash hoard continues to provide the difference between losses and profits. After making $50.6 million in interest income for the quarter, the company showed a net profit of $44.8 million. The interest income more than offset the $10.8 million operating loss for the quarter, a big improvement from the $50.6 million operating loss in the year ago quarter.
GameStop appears about to turn the corner to an operating profit; the Canada stores had an operating loss of $22.2 million for the quarter, a loss that will no longer pull down overall results now that the sales of GameStop Canada has closed.
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