How is GameStop a Fortune 500 company?

There’s no better example than GameStop. When the 2021 edition of the Fortune 500, a ranking of the 500 largest U.S. publicly traded companies by revenue, was published last week, it did not have GameStop on it. GameStop’s revenue, which peaked at $9.6 billion in 2012, had fallen to $6.5 billion by fiscal year 2020.

How long has GameStop been a Fortune 500?

The stratospheric jump squeezed powerful short-sellers, including Steve Cohen, Dan Sundheim, and Melvin Capital’s Gabe Plotkin. But GameStop is no penny stock: The company has spent 14 years on the Fortune 500, clocking in most recently in 2020 at No. 464.

How does a company become a Fortune 500 company?

Every year, iconic business magazine Fortune ranks American companies by their sales revenue as reported for the company’s previous fiscal year and then publishes that ranked list. The 500 top companies by that criterion become the Fortune 500, and the next 500 become part of a longer list known as the Fortune 1000.

Is GameStop top 500?

And for those wondering, yes, GameStop is a Fortune 500 company. In our most recent ranking (2020) GameStop clocked in at No. 464 on the 500 largest U.S. companies by revenue. That marked a steady drop from 2010, when it was ranked No.

Is GameStop part of the S&P 500?

The S&P 500 dropped GameStop from the index in 2016. In August this year, GameStop moved from the S&P 600 small-cap index to the S&P 400 midcap index.

Who owns GameStop shares?

The general public holds a substantial 54\% stake in GameStop, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions.

Is GameStop a profitable company?

GameStop is bordering on breakeven, according to the 4 American Specialty Retail analysts. They expect the company to post a final loss in 2022, before turning a profit of US$35m in 2023. So, the company is predicted to breakeven approximately 2 years from today.

Is GameStop part of any index?

S&P MidCap 400 constituent GameStop Corp. GameStop is a video game and PC entertainment software specialty retailer. Headquartered in Grapevine, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Computer & Electronics Retail Sub-Industry index.