Gamestop shares slump following annual shareholder meeting
Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday
By Ap News
Published - Jun 17, 2024, 01:42 PM ET
Last Updated - Jun 17, 2024, 01:43 PM EDT
NEW YORK (AP) — Gamestop's CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday.
“We are focused on building shareholder value over the long term,” Cohen said in short opening remarks at the top of the call. "We are not here to make promises or hype things up, we are here to work.
Shares for Gamestop were down more than 12% following Monday's meeting.
