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GameStop Corp.NYSE
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  • Wed, May 25, 5:35 PM
    | Wed, May 25, 5:35 PM | 2 Comments
  • Wed, May 18, 10:08 AM
    • Retail stocks are lower than broad market averages after Target (TGT -9.3%) sets a gloomy tone on U.S. consumer spending. There was a sense of bewilderment from Target in its release and earnings call commentary over the slowdown in sales post-Easter.
    • Wal-Mart is down an even 3% to reach a multi-month low ahead of tomorrow's earnings report.
    • Shares of Best Buy (NYSE:BBY) are 3.2% lower after the soft read from Target tilts sentiment. The electronics chain reports earnings on May 24 with analysts expecting revenue of $8.291B and EPS of $0.35 to be disclosed.
    • Other chain store stocks reeling after the Target release are Conn's (CONN -0.1%), hhgregg (HGG -2.4%), Sears Holdings (SHLD -3.1%), GameStop (GME -1.6%), Bon-Ton Stores (BONT -2.3%), Dollar Tree (DLTR -2.1%), Big Lots (BIG -2.4%), Dollar General (DG -1.5%), Citi Trends (CTRN -7.4%), and PriceSmart (PSMT -2.9%).
    • Previously: Investors edgy over retail stocks after Target disappoints (May 18)
    • Previously: Target stung by low traffic trend (May 18)
    | Wed, May 18, 10:08 AM | 5 Comments
  • Wed, May 11, 10:35 AM
    • Electronics store stocks are weaker after the merger between Office Depot (ODP -38.9%) and Staples (SPLS -16.7%) is scuttled.
    • Best Buy (BBY -3.4%), Conn's (CONN -6%), and hhgregg (HGG -4.4%) were expected to see at least a marginal impact from a consolidated ODP-SPLS on the view that stores would be closed in certain markets. All three companies still have to spill Q1 numbers which has investors edgy.
    • Also trading lower is GameStop (GME -4.1%) which may not sell office supplies but is being caught up in the general anxiety over U.S. consumer spending.
    • Previously: Responding to injunction, Office Depot and Staples call off $6.3B deal (May 10)
    | Wed, May 11, 10:35 AM | 2 Comments
  • Sat, Apr. 30, 11:08 AM
    • Retail stocks slumped yesterday after a weak read on consumer spending. Notable companies with drops of over 2% included Target (NYSE:TGT), Costco (NASDAQ:COST), Urban Outfitters (NASDAQ:URBN), and Macy's (NYSE:M). Wal-Mart (NYSE:WMT) was down 3% to cut into what's been a sizable gain this year.
    • The damage was inflicted after the personal consumption expenditures price index (ex-food/energy) gained only 0.1% in March to decelerate from February's level.
    • SA contributor George Putnam hears all the noise about soft store traffic, but still makes the case that companies with good brands, relatively strong balance sheets, and decent dividends are attractive investments.
    • A value screen of retail stocks indicates that many chain store names may be oversold due to the intense focus by investors on limp comparable-store sales growth (Y/Y) and F/X pressure - two trends seen by some analysts as reversing this year.
    • Tailored Brands (NYSE:TLRD), Gap (NYSE:GPS), Buckle (NYSE:BKE), Steinmart (NASDAQ:SMRT), American Eagle Outfitters (NYSE:AEO), Macy's (M), GameStop (NYSE:GME), and Best Buy (NYSE:BBY) all made the cut of having a forward P/E of less than 12, a dividend yield of over 2%, and a balance sheet ratio above the sector average.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR
    | Sat, Apr. 30, 11:08 AM | 25 Comments
  • Tue, Apr. 19, 5:28 PM
    • Global Payments (GPN -0.4%) has risen 1.5% after hours on news it's heading into the S&P 500, replacing GameStop (NYSE:GME).
    • The game retailer is changing places with Global Payments and heading into the MidCap 400, as Global Payments' market cap will be more reflective of the 500 after its acquisition of Heartland Payment Systems.
    • Those moves are effective after the close on Friday. In addition, Krispy Kreme Doughnuts (NYSE:KKD) is up 3.9% after hours, replacing Pinnacle Entertainment (NASDAQ:PNK) in the SmallCap 600, as Pinnacle is heading for a spinoff/merger.
    • Now read Has A Window Opened To Acquire A Great Acquirer In Global Payments? »
    | Tue, Apr. 19, 5:28 PM | 1 Comment
  • 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
    • GameStop (GME +0.9%) is now in positive territory after an early round of post-earnings selling.
    • A new WSJ report indicating that Sony is planning on introducing a new high-end PlayStation 4 could be helping to bring in some buyers.
    • Existing PlayStation 4 owners would need to buy a new console to take advantage of all the high-end graphics and virtual reality components, according to sources.
    • Previously: GameStop -7% as weak guidance creates concerns (March 28)
    • Previously: GameStop falls after mixed results, soft guidance (March 24)
    | 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%.
    | 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