GameStop Corp. (GME) - NYSE
  • Apr. 17, 2015, 5:39 PM
    • A new version of popular series Battlefield wasn't enough to boost video game sales in March, as software sales slipped 3% Y/Y to $395.4M. But software was positively solid compared to game hardware sales that slipped 21% Y/Y to $311.1M, according to NPD Group.
    • In new retail games, Battlefield: Hardline (NASDAQ:EA), a cops-and-robbers version of the war-game series, led sales charts followed by another new entry, action role-player Bloodborne (NYSE:SNE) which was strong despite being a PS4 exclusive.
    • The top five was rounded out by Grand Theft Auto V (NASDAQ:TTWO), Mario Party 10 (OTCPK:NTDOY), and Call of Duty: Advanced Warfare (NASDAQ:ATVI).
    • Physical software sales showed sharp declines for previous-generation consoles, which points to the health of the new generation (PS4, Xbox One, Wii U), whose software sales increased 58% Y/Y.
    • In hardware, Sony says PS4 again topped the charts, but everyone's doing well in the new generation: “This is the 17th month of sales for the Xbox One and PS4, whose combined cumulative hardware sales are over 50% higher than the combined 17-month cumulative sales totals for the Xbox 360 and PS3,” said NPD's Liam Callahan.
    • In a market down more than 1% today, GameStop (NYSE:GME) did worse, down 3.1%.
    • And in other EA news, at the ongoing "Star Wars Celebration" event going on in Anaheim, Calif., today's news included the reveal trailer for Star Wars: Battlefront wowing fans. Launching Nov. 17, the game showcases high-definition visuals but takes a somewhat risky move of dropping single-player missions entirely for cooperative and multiplayer.
    | Apr. 17, 2015, 5:39 PM | 2 Comments
  • Mar. 27, 2015, 8:49 AM
    • GameStop (NYSE:GME) execs outlined a plan to open 350 to 550 technology stores this year during the company's earnings call last night.
    • The stores will include the Simply Mac, Spring Mobile/AT&T, and Cricket brand names as well as whitespace stores and stores picked up in acquisitions.
    • 200 GameStop video stores are slated for closure this year.
    • COO Toney Bartel noted the company is working "feverishly" to get old RadioShack stores converted to its format.
    • Earnings call transcript
    • Previously: GameStop misses by $0.02, misses on revenue (Mar. 26 2015)
    • Previously: GameStop -2.3% on light guidance and earnings (Mar. 26 2015)
    • GME -3.84% premarket.
    | Mar. 27, 2015, 8:49 AM | 4 Comments
  • Mar. 26, 2015, 5:39 PM
     
    • Top gainers, as of 5:15 p.m.: CMCM +12.8%. OXM +9.2%. SFY +4.9%. SGMS +4.3%. RICE +3.9%.
    • Top losers, as of 5:15 p.m.: WTI -6.6%. GME -5.7%. RH -5.1%. SGNT -3.9%. SSE -3.6%.
    | Mar. 26, 2015, 5:39 PM
  • Mar. 26, 2015, 4:23 PM
    • GameStop (NYSE:GME) reports sales rose 2.8% in Q4 on a constant currency basis.
    • Digital receipts increased 41.4% Y/Y to $369M.
    • Comparable-store sales were down 1.8% during the quarter off of a tough game launch comparable.
    • Sales mix by category: New video game hardware 21.8%, new video game software 33.2%, pre-owned products 25.7%, video game accessories 7.1%, digital 2.3%, mobile /consumer electronics 5.6%.
    • Gross profit rate +90 bps to 28.1%.
    • Net income rate +100 bps to 7.0%.
    • Q1 guidance: Sales -2.0% to +1%, comps +2.5% to +5.5%, EPS $0.53-$0.60 vs. $0.66 consensus.
    • FY15 guidance:Sales -1% to +4%, comps +1% to +6%, EPS $3.60-$3.80 vs. $4.04 consensus.
    • GME -2.32% after hours.
    | Mar. 26, 2015, 4:23 PM | 1 Comment
  • Mar. 26, 2015, 4:07 PM
    • GameStop (NYSE:GME): Q2 EPS of $2.15 misses by $0.02.
    • Revenue of $3.47B (-5.7% Y/Y) misses by $130M.
    • Shares -4%.
    | Mar. 26, 2015, 4:07 PM | 1 Comment
  • Mar. 25, 2015, 5:35 PM
    | Mar. 25, 2015, 5:35 PM | 3 Comments
  • Mar. 13, 2015, 5:15 PM
    • NPD estimates U.S. physical retail game sales rose 7% Y/Y in February to $338.9M, up from January's 5% growth and better than expected. Hardware sales rose 10% to $378.2M, as next-gen console demand remains healthy. Superdata Research estimates digital game revenue rose just 2% to $995M, thanks to weak mobile and social game sales.
    • Nintendo (OTCPK:NTDOY) had a good month: The recently-refreshed 3DS XL handheld was February's top-selling console - Ninetendo says 394K 3DS units were sold - and The Legend of Zelda: Majora's Mask 3D (launched on Feb. 13) topped NPD's game rankings.
    • Take-Two (NASDAQ:TTWO) also did well: Evolve (launched on Feb. 10) was #2 on NPD's list, GTA V came in at #5 (down from January's #3) ahead of its March 24 PC launch, and NBA 2K15 was at #6 (down from #5). Take-Two recently said it was "very pleased" with Evolve's launch.
    • Activision's (NASDAQ:ATVI) Call of Duty: Advanced Warfare fell two spots to #4, while Destiny (#9 last month) fell out of the top-10. Electronic Arts' (NASDAQ:EA) Madden NFL 15 and FIFA 15 also dropped out.
    • Piper observes Take-Two and Activision's NPD sales were respectively up 72% and 16% Y/Y in February, and that EA's were down 32% over the first two months of 2015. It maintains Overweight ratings on all 3 firms.
    • Take-Two rose 3.9% in regular trading thanks to the numbers. GameStop (NYSE:GME) also got a lift, rising 3.5%. Activision rose 0.9% and EA rose 0.4%.
    | Mar. 13, 2015, 5:15 PM | 5 Comments
  • Mar. 3, 2015, 5:20 PM
    • GameStop (NYSE:GME) declares $0.36/share quarterly dividend, 9.1% increase from prior dividend of $0.33.
    • Forward yield 3.72%
    • Payable March 24; for shareholders of record March 17; ex-div March 13.
    | Mar. 3, 2015, 5:20 PM | 1 Comment
  • Feb. 27, 2015, 4:13 AM
    • GameStop (NYSE:GME) will likely increase the number of its Spring Mobile stores after the company bid for the right to take 163 leases over from electronics retailer RadioShack (NYSE:RSH), which filed for bankruptcy this month.
    • RadioShack will ask U.S. Bankruptcy Judge Brendan Shannon today to approve the agreement with GameStop, which had 311 Spring Mobile stores on record as of November.
    | Feb. 27, 2015, 4:13 AM
  • Feb. 26, 2015, 2:09 AM
    • RadioShack (NYSE:RSH) has received approval from a U.S. Bankruptcy Court judge to auction off about 2,000 of its stores with an initial $200M bid from hedge fund Standard General.
    • Standard is planning to keep about half of the company's stores open and operate them under an agreement with Sprint (NYSE:S).
    • RadioShack lawyers also said the company received bids for leases to 205 of the 1,100 locations it plans to close this month, including interest from a unit of GameStop (NYSE:GME).
    • Previously: GameStop interested in some RadioShack locations (Feb. 25 2015)
    | Feb. 26, 2015, 2:09 AM | 6 Comments
  • Feb. 25, 2015, 12:50 PM
    • A bankruptcy attorney for RadioShack (NYSE:RSH) says GameStop (GME +0.5%) has expressed an interest in some of the chain's stores.
    • The number of locations which GameStop seeks wasn't disclosed.
    | Feb. 25, 2015, 12:50 PM | 1 Comment
  • Feb. 13, 2015, 8:07 AM
    • Cowen Research forecasts console/handheld/physical video games software sales rose 6% Y/Y during the key December month,
    • Warner Bros. (NYSE:TWX) horror game Dying Light (Xbox, PS4) was a top seller during the month.
    • Previously: NPD data on game sales.
    • Related stock: GME.
    | Feb. 13, 2015, 8:07 AM
  • Jan. 29, 2015, 11:25 AM
    • Shares of GameStop (GME -4%) are lower on average volume to slide back under $36.
    • The company's president of U.S. stores was a recent seller of a block of shares, according to a disclosure.
    • SEC Form 4
    | Jan. 29, 2015, 11:25 AM | 3 Comments
  • Jan. 18, 2015, 10:36 AM
    • GameStop (NYSE:GME) is on the cutting edge of integrating technology inside of retail stores through pilot programs launched by the GameStop Technology Institute.
    • Starting in Q2, the company plans to use geo-fencing and beacons to help store associates sell directly to loyalty members as they browse inside of stores.
    • Analysts see some upside for GameStop to improve sales per square feet through the fresh digital initiatives.
    • GameStop has also said in the past it would consider investing in game development in order to create an exclusive game selling channel, although only through partnerships.
    • "I think the day you see us in the creative side is when you can tell me we've officially lost our minds," promised CEO Paul Raines last year.
    • Shares of GME +7.54% YTD.
    • Previously: Watch these 4 retail stocks for LBO action (Jan. 5)
    • Previously: GameStop +10.3% after holiday results and guidance (Jan. 13)
    • Previously: GameStop defies the Blockbuster thesis for now (Jan. 14)
    | Jan. 18, 2015, 10:36 AM
  • Jan. 16, 2015, 10:35 AM
    • Activision's (ATVI +6.3%) Call of Duty: Advanced Warfare topped NPD's U.S. physical retail game sale rankings for the second month in a row in December. Destiny, which Activision hopes will be its third $1B+ franchise, was #9.
    • In a PR, Activision says Advanced Warfare was the "top-selling console game of 2014 globally," and that Destiny was the #2 2014 U.S. console game in terms of revenue. Skylanders was the top kids video game franchise globally (inc. toys/accessories sales), with a 30% sales edge over its biggest rival (presumably Disney's Infinity).
    • Electronic Arts' (EA - unchanged) Madden NFL 2015 rose a spot to #3, and FIFA 15 returned to the top-10 (at #10). Take-Two's (TTWO +1.8%) Grand Theft Auto V was at #2 for another month, continuing to get a lift from its next-gen console and PC launches. NBA 2K15 rose three spots to #5.
    • NPD estimates total U.S. physical retail game sales fell 2% Y/Y to $1.25B. Hardware sales, facing tougher comps (given next-gen consoles launched in Nov. 2013), fell 4% to $1.31B, with the Xbox One outselling the PS4. Next-gen consoles are performing 65% better than prior-gen consoles had over their first 14 months. GameStop (GME +3%), just three days removed from reporting better-than-expected holiday sales, is reacting favorably to the numbers.
    • Superdata Research estimates U.S. digital game spend rose 11% Y/Y in December to $1.2B. Mobile game sales (35% of 2014 sales) rose 17%, and digital console game sales (8% of 2014 sales) 10%.
    • EA reports on Jan. 27, Take-Two on Feb. 3, and Activision on Feb. 5.
    • Previously: NPD's November data
    • Update (2:15PM): EA is now up 1.8%, aided by a 0.8% increase for the Nasdaq. Activision is now up 9.2%, Take-Two 4.2%, and GameStop 4.5%.
    | Jan. 16, 2015, 10:35 AM
  • Jan. 15, 2015, 6:22 PM
    • GameStop (NYSE:GME) president Tony Bartel has been promoted to the newly-created role of COO. He'll maintain his prior responsibility for the "United States stores organization, Merchandising, and Supply Chain," and will now also be responsible for GameStop's "Pre-owned and Technology Brands businesses, as well as Real Estate." (8-K)
    • Bartel's promotion comes two days after GameStop reported better-than-expected holiday sales.
    | Jan. 15, 2015, 6:22 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