GameStop Corp. (GME) - NYSE
  • Thu, May 26, 4:24 PM
    • GameStop (NYSE:GME) reports same-store sales fell 6.2% in Q1. Sales of new video game hardware fell to 29% Y/Y during the quarter.
    • Revenue mix: New video game hardware $312.9M (15.9% of total), New video game software $567.2M (28.8%), Pre-owned and value video game products $560.9M (28.5%) Video game accessories $162.7M (8.2%), Digital $42.8M (2.2%), Mobile and consumer electronics $192.6M (9.8%), Collectibles $82.3M (4.2%).
    • The company's gross profit rate rose 330 bps to 34.3% as diversification with products helped GameStop's bottom line, although the profit view for the rest of the year is below the consensus mark of analysts.
    • GameStop expects FQ2 comparable-store sales to fall between 7% and 4%. Q2 EPS of $0.23-$0.30 is seen vs. $0.31 consensus and full-year EPS of $3.90-$4.05 is forecast vs. $4.00 consensus.
    • Previously: GameStop beats by $0.05, revenue in-line (May 26)
    • GME -10.0% AH to $27.00.
    | Thu, May 26, 4:24 PM | 18 Comments
  • Thu, May 26, 4:08 PM
    • GameStop (NYSE:GME): Q1 EPS of $0.66 beats by $0.05.
    • Revenue of $1.97B (-4.4% Y/Y) in-line.
    • Press Release
    | Thu, May 26, 4:08 PM | 10 Comments
  • Wed, May 25, 5:35 PM
    | Wed, May 25, 5:35 PM | 2 Comments
  • Thu, Mar. 24, 4:30 PM
    • In addition to missing FQ4 sales estimates (while beating on EPS), GameStop (NYSE:GME) is guiding for FQ1 revenue to be down 4%-7% Y/Y, below a consensus for 1.3% growth. Net income is expected to drop to $60.5M-$66M from the year-ago period's $73.8M ($0.68/share). That suggests EPS will be below a $0.71 consensus. Same-store sales are expected to be down 7%-9% Y/Y.
    • FY16 (ends Jan. '17) guidance is for 0%-3% sales growth (compares with a 2.8% consensus) and net income of $407M-$423M (compares with FY15's $415.6M). Consensus has been for EPS to rise to $4.09 from FY15's $3.90. Same-store sales are expected to be flat to down 3%. The FY16 capex budget is at $160M-$170M.
    • Top-line performance: Same-store sales rose 3.1% Y/Y in FQ4 (3% in the U.S., 3.3% elsewhere), after having dropped 1.1% in FQ3. New video game hardware, video game accessory, digital, mobile/consumer electronics and "other" (e.g. collectibles) revenue rose. New video game software sales fell, and pre-owned sales were flat.
    • Financials: Lifting FQ4 EPS: Gross margin rose to 150 bps Y/Y to 29.6%. Also helping: $50M was spent to buy back 1.6M shares, leading total FY15 repurchases to amount to $202M (5.22M shares). Hurting EPS: SG&A spend was 17.4% of revenue, up from 15.8% a year ago.

      GameStop ended FQ4 with $450M in cash, $350M in debt, 1,036 "Technology Brand" stores, and 35 collectibles stores. Merchandise inventories stood at $1.16B, up slightly Y/Y.
    • Shares are down 5.6% after hours to $28.57.
    • GameStop's FQ4 results, earnings release
    | Thu, Mar. 24, 4:30 PM | 8 Comments
  • Thu, Mar. 24, 4:09 PM
    • GameStop (NYSE:GME): Q4 EPS of $2.40 beats by $0.15.
    • Revenue of $3.52B (+1.1% Y/Y) misses by $50M.
    • Shares -5%.
    • Press Release
    | Thu, Mar. 24, 4:09 PM
  • Wed, Mar. 23, 5:35 PM
    | Wed, Mar. 23, 5:35 PM | 13 Comments
  • Nov. 23, 2015, 9:08 AM
    • GameStop (NYSE:GME) report same-store sales declined 1.1% in Q3. The comp was +8.1% last quarter as the timing of new releases factored in. The U.S. comp was -1.7% during the quarter.
    • Total sales were up 1.2% in constant currency. F/X swings and delays in GameStop's technology brands store openings impacted results.
    • Gross profit rate +20 bps to 32.1%. SG&A expense rate +70 bps to 25.6%. Operating earnings rate +60 bps to 4.6%.
    • Sales mix: New video game hardware -370 bps to 17.8%, New video game software -200 bps to 33.5%, Pre-owned/value video game products +100 bps to 24.9%, Digital -60 bps to 2.0%, Mobile +220 bps to 8.2%.
    • Guidance: GameStop expects Q4 EPS of $2.12 to $2.32 vs. $2.37 consensus.
    • Previously: GameStop misses by $0.05, misses on revenue (Nov. 23 2015)
    • GME -19.5% premarket to $31.96, perilously close to a 52-week low.
    | Nov. 23, 2015, 9:08 AM | 7 Comments
  • Nov. 23, 2015, 8:32 AM
    • GameStop (NYSE:GME): Q3 EPS of $0.54 misses by $0.05.
    • Revenue of $2.02B (-3.3% Y/Y) misses by $120M.
    • Shares -5.76% PM.
    | Nov. 23, 2015, 8:32 AM | 4 Comments
  • Nov. 22, 2015, 5:30 PM
    | Nov. 22, 2015, 5:30 PM | 1 Comment
  • Aug. 27, 2015, 4:24 PM
    • GameStop (NYSE:GME) report same-store sales rose 8.1% in Q2, aided by a beneficial sales mix.
    • The U.S. comp was up 10.8% during the period.
    • Gross profit rate +110 bps to 32.9%.
    • New video game hardware and software both fell as a percentage of total sales.
    • Guidance: GameStop sees Q3 EPS of $0.53-$0.60 vs. $0.59 consensus and full-year EPS of $3.66-$3.86 vs. $3.88 consensus.
    • Previously: GameStop beats by $0.06, beats on revenue (Aug. 27)
    • GME +4.33% AH to $48.20.
    | Aug. 27, 2015, 4:24 PM
  • Aug. 27, 2015, 4:15 PM
    • GameStop (NYSE:GME): FQ2 EPS of $0.31 beats by $0.06.
    • Revenue of $1.76B (+1.7% Y/Y) beats by $20M.
    | Aug. 27, 2015, 4:15 PM
  • Aug. 26, 2015, 5:35 PM
    | Aug. 26, 2015, 5:35 PM | 6 Comments
  • May 28, 2015, 5:23 PM
    • GameStop (NYSE:GME) is up 3.9% in postmarket trading after reporting Q1 profits that grew 15%, easily beating expectations, on revenues boosted by dozens of new stores and strong digital pickup.
    • Same-store sales were up 8.6%. In the prior-year quarter, same-store sales had risen 5.8%.
    • Revenues of $2.06B were up 3.2%, but up 8.1% in constant currency. New software sales rose 9.6% (15.8% in constant currency).
    • Diversifying its offering was paying benefits: Non-GAAP digital receipts rose a healthy 17.2% to $222.2M. Sales in mobile and consumer electronics rose 33.9% to $136.8M.
    • GameStop bought back $46.4M of stock in Q1, and has just over $400M left on its current repurchase authorization.
    • The company provided in-line guidance for Q2 EPS of $0.21-$0.25, and raised guidance for full-year EPS to $3.63-$3.83 to account for a reduction in shares (which is on the low side of an expected $3.84 EPS). It expects comparable-store sales should range from flat to +3% for Q2, and +1% to +6% for 2015.
    | May 28, 2015, 5:23 PM
  • May 28, 2015, 4:07 PM
    • GameStop (NYSE:GME): Q1 EPS of $0.68 beats by $0.09.
    • Revenue of $2.06B (+3.5% Y/Y) beats by $50M.
    • Shares +7.11%.
    | May 28, 2015, 4:07 PM | 4 Comments
  • May 27, 2015, 5:35 PM
Company Description
GameStop Crop. operates as a multichannel video game, consumer electronics and wireless services retailer, which offers customers the most popular games, hardware and game accessories for next generation video game systems and the PC. The company sells new and pre-owned video game hardware,... More
Sector: Services
Industry: Electronics Stores
Country: United States