GameStop Reports Record Profit From Collectibles

GameStop has achieved its highest-ever quarterly profit, a significant turnaround attributed to the robust performance of its collectibles division, which includes action figures and trading cards. This strategic shift away from solely relying on video game sales has resonated positively with investors, as evidenced by the substantial surge in the company's stock price following the announcement. The company's ability to leverage its existing customer base for higher-margin merchandise highlights a successful diversification effort.