GameStop raises fiscal 2026 Adjusted EBITDA outlook to over $650 mln, up from $600 mln
Q2 results and sales drivers
U.S. video game retailer's Q2 net sales fell yr/yr, driven by store closures and divestitures
Collectibles net sales grew 57% yr/yr and now represent 45% of total sales
Company raised fiscal yr 2026 adjusted EBITDA outlook to over $650 mln
Result drivers and key details
COLLECTIBLES GROWTH - Collectibles net sales rose 57% yr/yr, now making up 45% of total sales
STORE CLOSURES AND DIVESTITURE - Net sales decline attributed to prior-year Nintendo Switch 2 launch, planned store closures, and France operations divestiture
LOWER OPERATING EXPENSES - SG&A expenses fell to $187.1 mln from $218.8 mln a year ago
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