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GameStop earnings are due. Can management change the narrative?

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Videogame retailer and meme stock GameStop Corp. reports second-quarter results on Wednesday after the market close.

Videogame retailer and meme stock GameStop Corp. reports second-quarter results on Wednesday after the market close, as broader videogame-industry growth and some popular releases run up against as executive upheaval at the company.

“The videogame industry grew in [the second quarter], but a continuing digital mix shift likely impacted GameStop traffic,” Wedbush analyst Michael Pachter said in a research note on Friday. What else to watch for GameStop in June fired its chief executive, Matthew Furlong, an Amazon.com Inc. AMZN, -0.72% veteran who had been appointed two years earlier. The company in June also said its board had elected activist investor Ryan Cohen, the co-founder of online pet-supplies retailer Chewy Inc., as executive chair.

In July, GameStop said Chief Financial Officer Diana Saadeh-Jajeh would resign on Aug. 11. Daniel Moore, it said then, would become interim principal financial officer.

 

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