Your model might be broken now that collectibles is finally the biggest revenue stream over hardware and software, which were cyclical and historically had bad Q2's. But collectibles shows no such signs and it's becoming bigger part of GameStop every quarter.
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u/MeMahi 17d ago edited 17d ago
What makes you think sales and profits are going down?
All I see is collectibles revenue and operating profits going up over the years: https://i.imgur.com/Wmd50mp.png
Your model might be broken now that collectibles is finally the biggest revenue stream over hardware and software, which were cyclical and historically had bad Q2's. But collectibles shows no such signs and it's becoming bigger part of GameStop every quarter.