GameStop Management Discusses Q2 2012 Results - Earnings Call Transcript

Aug. 16, 2012 3:20 PM ETGameStop Corp. (GME)
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GameStop (NYSE:GME) Q2 2012 Earnings Call August 16, 2012 11:00 AM ET


J. Paul Raines - Chief Executive Officer

Robert A. Lloyd - Chief Financial Officer and Executive Vice President

Tony D. Bartel - President

Michael K. Mauler - Executive Vice President of International


Anthony Wible - Janney Montgomery Scott LLC, Research Division

Seth Sigman - Crédit Suisse AG, Research Division

William Armstrong

Colin A. Sebastian - Robert W. Baird & Co. Incorporated, Research Division

David G. Magee - SunTrust Robinson Humphrey, Inc., Research Division

Michael Hickey - National Alliance Capital Markets, Research Division

Arvind Bhatia - Sterne Agee & Leach Inc., Research Division


Good morning, and welcome to the GameStop Corporation Second Quarter 2012 Earnings Call. [Operator Instructions] I would like to remind you that this call is covered by the Safe Harbor disclosure containing GameStop's public documents and is the property of GameStop. It is not for rebroadcast or use by any other party without the prior written consent of GameStop.

At this time, I would like to turn the call over to Mr. Paul Raines of GameStop Corporation. Please go ahead, sir.

J. Paul Raines

Good morning, and thank you for attending GameStop's Second Quarter Earnings Call. Joining me today are Tony Bartel, President of GameStop; Rob Lloyd, Executive Vice President and Chief Financial Officer; Mike Mauler, Executive Vice President of International Operations, as well as Matt Hodges, Vice President of Investor Relations.

I am pleased to begin our call, as always, by recognizing our passionate GameStop associates around the world. In the United States, across Europe, in Canada and Australia, our team continues to provide outstanding service and innovation.

During the second quarter, the physical console category continued to experience double-digit declines, and GameStop continued to gain share as we approach the console transitions. As you

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