3.8 • 950 Ratings
🗓️ 11 June 2025
⏱️ 6 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
0:08.1 | The Switch 2 is hot, GameStop's cash is stacked, and play is aiming for a high score. |
0:14.7 | Thanks so much for joining us on this Wednesday, June 11th. I'm Julie Morgan. |
0:20.7 | The Nintendo Switch 2 has become the company's fastest selling |
0:24.5 | gaming device with more than 3.5 million units sold worldwide in the first four days since its |
0:30.9 | launch last week. Nintendo last month said it expects to sell 15 million Switch 2 units this fiscal year. The president of the |
0:39.8 | company said that they set this figure with the aim of reaching the same level of sales they achieved |
0:45.2 | with the original switch in the roughly 10-month period between its launch in March of 2017 |
0:51.3 | and December of that same year. The Switch 2 console is priced relatively higher than its predecessor |
0:57.8 | with the price tag of a penny shy of $450. |
1:01.7 | The original sold for $299. |
1:05.3 | Nintendo has sold over 152 million Switch units |
1:09.2 | since the console was launched in 2017. |
1:13.7 | Shares of Dave and Busters fell 8% in immediate reaction to its first quarter results after the bell on Tuesday, |
1:20.9 | but this morning play is up 6.5% in pre-market action. |
1:25.2 | The restaurant and entertainment company reported a marginal top line beat, |
1:30.1 | a wide bottom line miss, and an 8.3% decline in comparable sales. The company said it opened two new |
1:37.6 | stores, relocated one store, and completed remodels of 13 stores during Q1. The interim CEO said while performance in the first quarter was nowhere close to where |
1:48.4 | they wanted it or expected it to be, their back-to-basic strategy is working and is driving |
1:54.2 | a material recovery in their top line trajectory. |
1:57.9 | He went on to say that the leadership team and the board are as confident as ever |
2:02.4 | that their current actions will lead to significantly improved revenue, adjusted EBAA, free cash |
... |
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