GameStop Corp. (GME) - NYSE
  • Tue, Apr. 19, 1:59 PM
    • GameStop's (GME +0.4%) move into videogame publishing looks serious.
    • The company created a publishing division called GameTrust earlier this year and is now in discussions with at least 20 publishers over potential partnerships, according to MVC. On the creative side of the game developing process, GameStop execs promise a hands-off approach.
    • GameStop plans to use physical stores as a selling channel for titled incubated through GameTrust in a move that risks irritating major publishers.
    • Now read: GameStop Could Be A Bargain Staring Us Right In The Face
    | Tue, Apr. 19, 1:59 PM | 5 Comments
  • Thu, Apr. 14, 2:25 PM
    • GameStop (NYSE:GME) is holding its Investor Day event today with management making a point to call the company a global specialty retailer.
    • The company set a goal to earn more than 50% of its revenue from outside of the physical games business by 2019. Tech brands are expected to bring in about $1.6B by 2019. Management says GameStop will increase its relevancy in the mobile and consumer electronics space.
    • The average store contribution per global video game store is seen rising by 8% to 14% by 2019.
    • Shares of GameStop trade flat on the day with a good portion of the presentation still to come.
    • Investor Day webcast, presentation slides
    | Thu, Apr. 14, 2:25 PM
  • Wed, Apr. 13, 11:48 AM
    | Wed, Apr. 13, 11:48 AM | 8 Comments
  • Mon, Mar. 28, 1:07 PM
    | Mon, Mar. 28, 1:07 PM
  • Mon, Mar. 28, 9:15 AM
    | Mon, Mar. 28, 9:15 AM | 10 Comments
  • Mon, Mar. 28, 8:39 AM
    • Sterne Agee CRT warns on GameStop (NYSE:GME) in a new note to investors.
    • The investment firm thinks the company's guidance for flat growth in the pre-owned games business is too aggressive. A single-digit decline sounds more likely to analyst Arvind Bhatia.
    • The question mark over preowned growth is somewhat critical with the category accounting for 38% of gross profit last year for GameStop.
    • GME -6.51% premarket to $28.30 after posting results last Thursday post-close. The most notable item from the report was the soft FQ1 guidance issued (-4% to -7%).
    • Previously: GameStop beats by $0.15, misses on revenue (March 24)
    • Previously: GameStop falls after mixed results, soft guidance (March 24)
    | Mon, Mar. 28, 8:39 AM
  • Thu, Mar. 24, 5:38 PM
    • Top gainers, as of 5.25 p.m.: FR +3.5%. DRD +2.9%. TNK +2.8%. CONN +2.3%. HOLX +2.0%.
    • Top losers, as of 5.25p.m.: GME -5.5%. MT -5.3%. WMC -4.8%. FDC -4.5%. GBX -4.2%.
    | Thu, Mar. 24, 5:38 PM | 8 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
  • Mon, Mar. 14, 11:40 AM
    • Credit Suisse can't shake off a deja vu feeling with the rally in some beat-up retail names.
    • The investment firm notes that last year Dick's Sporting Goods (DKS +0.1%), GameStop (GME +2.5%), and Michaels (MIK -0.2%) staged a similar early rally before ending the year with below-par returns.
    • Retailer with strong financials look more attractive to CS than comeback stores. Home Depot (HD +0.3%), Lowe's (LOW +0.3%), O'Reilly Automotive (ORLY -0.3%), and AutoZone (AZO -0.1%) are cited as examples.
    | Mon, Mar. 14, 11:40 AM
  • Thu, Mar. 3, 11:00 AM
    • S&P Ratings drops its outlook on GameStop (GME +3.5%) to a Negative stance after having a Stable view on the retailer.
    • The ratings agency reaffirms a BB+ rating on GameStop's senior notes.
    • S&P on GME: "The negative outlook on GameStop reflects our expectation for deteriorating credit metrics as a result of the company's increasingly aggressive financial policy."
    • Some positive comments from Telsey Advisory Group are helping to support GameStop's share price today. Telsey's $38 PT on GameStop is also a positive factor.
    | Thu, Mar. 3, 11:00 AM | 3 Comments
  • Wed, Mar. 2, 2:57 PM
    • A ship-from-stores program from GameStop (GME +0.1%) continues to expand to convert more company stores into distribution centers.
    • Shoppers can have products unavailable from warehouses or distribution centers sent directly from GameStop stores that have extra inventory.
    • Shipping from stores is seen helping GameStop save on some costs and tighten up on inventory.
    | Wed, Mar. 2, 2:57 PM | 3 Comments
  • Tue, Feb. 23, 4:28 PM
    • GameStop (NYSE:GME) declares $0.37/share quarterly dividend, 2.8% increase from prior dividend of $0.36.
    • Forward yield 5.03%
    • Payable March 22; for shareholders of record March 8; ex-div March 4.
    | Tue, Feb. 23, 4:28 PM | 1 Comment
  • Thu, Feb. 11, 7:12 PM
    • Short interest as a percentage of float for the energy sector surpassed 12% at the end of January to its highest level in more than a decade, according to research from Bespoke.
    • Six of the eight most heavily shorted stocks among the S&P 500 resided in the energy sector, all with percentage of float levels exceeding 20%: Chesapeake Energy (NYSE:CHK), Transocean (NYSE:RIG), Southwestern Energy (NYSE:SWN) Diamond Offshore (NYSE:DO), Consol Energy (NYSE:CNX) and Helmerich & Payne (NYSE:HP).
    • GameStop (NYSE:GME) was the most heavily shorted stock in the S&P 500, Bespoke says.
    | Thu, Feb. 11, 7:12 PM | 34 Comments
  • Fri, Jan. 29, 9:00 AM
    • Retailer GameStop (NYSE:GME) is venturing into videogame publishing under a new partnership with Insomniac Games.
    • The two companies will collaborate on the Song of the Deep title with Insomniac holding creative control.
    | Fri, Jan. 29, 9:00 AM | 4 Comments
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