GameStop's (GME) CEO Paul Raines on Q1 2016 Results - Earnings Conference Call Transcript

May 27, 2016 12:11 AM ETGameStop Corp. (GME)
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GameStop Corp. (NYSE:GME) Q1 2016 Earnings Conference Call May 26, 2016 5:00 PM ET


Paul Raines - CEO

Tony Bartel - COO

Robert Lloyd - CFO

Mike Hogan - EVP, Strategy & Business Development

Mike Mauler - President, International


Michael Olson - Piper Jaffray

Daniel Farrell - Oppenheimer

Colin Sebastian - Robert Baird

Raymond Stochel - Consumer Edge Research

Curtis Nagle - Bank of America


Good day and welcome to the GameStop Corporation's First Quarter 2016 Earnings Conference Call. A supplemental slide presentation is available at At the conclusion of the announcement, a question-and-answer session will be conducted electronically. [Operator Instructions]

I would like to remind you that this call is covered by the Safe Harbor disclosure contained in GameStop's public documents and is the property of GameStop. It is not for rebroadcast or use by any party without the prior written consent of GameStop.

At this time, I'd like to turn the call over to Paul Raines, Chief Executive Officer. Please go ahead sir.

Paul Raines

Good afternoon and welcome to the GameStop's earnings call. I want to thank our worldwide team for another great effort in the first quarter in delivering outstanding customer service. Joining me on our call today are Tony Bartel, our Chief Operating Officer; Rob Lloyd, our Chief Financial Officer; Mike Hogan, our Executive Vice President of Strategy & Business Development; Mike Mauler, our President of International and Matt Hodges, our Vice President of Investor and Public relations.

We thank those of you who joined us at our recent Investor Day and believed that our results played out along the lines we described. We introduced some new terms at that day, so if you weren't there, I will give you a primer on our new vernacular. First, we have introduced the concept of our GameStop branded

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