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August 30, 2015 4:37 PM ET

Specialty Retail

Company Overview of GameStop Corp.

Company Overview

GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, including downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software. The company also sells mobile and consumer electronics, including new smart phones, tablets, headphones, and accessories, as well as pre-owned smart phones, tablets, and MP3 players; personal computer (PC) entertai...

625 Westport Parkway

Grapevine, TX 76051

United States

Founded in 1994

18,000 Employees

Phone:

817-424-2000

Key Executives for GameStop Corp.

Chief Executive Officer and Director
Age: 51
Total Annual Compensation: $1.2M
Executive Chairman
Age: 67
Total Annual Compensation: $821.9K
Chief Financial Officer and Executive Vice President
Age: 53
Total Annual Compensation: $653.9K
Chief Operating Officer
Age: 51
Total Annual Compensation: $853.6K
Executive Vice President and President of International
Age: 54
Total Annual Compensation: $545.1K
Compensation as of Fiscal Year 2014.

GameStop Corp. Key Developments

GameStop Corp. Approves Quarterly Cash Dividend, Payable on September 22, 2015

On August 25, 2015, GameStop Corp.'s Board of Directors approved a cash dividend to its stockholders. The quarterly dividend of $0.36 per share of Class A Common Stock will be paid on September 22, 2015 to stockholders of record on the close of business on September 9, 2015.

GameStop Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 1, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2015; Revised Earnings Guidance for Fiscal Year 2015

GameStop Corp. reported unaudited consolidated earnings results for the second quarter and six months ended August 1, 2015. For the quarter, net sales rose 1.8% to $1.8 billion against $1.7 billion last year. Operating earnings were $51.7 million against $36.7 million last year. Earnings before income tax expense were $46.1 million against $35.6 million last year. Net income was $25.3 million or $0.24 per basic and diluted share against $24.6 million or $0.22 per basic and diluted share last year. Non-GAAP net income was $33.1 million or $0.31 per basic and diluted share against $24.6 million or $0.22 per basic and diluted share last year. The increase was primarily driven by 110 basis points of margin expansion, primarily in the Mobile and Other categories. For the six months, net sales were $3.8 billion against $3.7 billion last year. Operating earnings were $175.6 million against $142.6 million last year. Earnings before income tax expense were $164.6 million against $140.9 million last year. Net income was $99.1 million or $0.92 per basic and diluted share against $92.6 million or $0.80 per diluted share last year. Non-GAAP net income was $106.9 million or $0.99 per basic and diluted share against $92.6 million or $0.80 per diluted share last year. For the third quarter of fiscal 2015, GameStop expects comparable store sales to range from +1.0% to +4.0%. Diluted earnings per share are expected to range from $0.53 to $0.60, compared to adjusted diluted earnings per share of $0.57 in the prior year quarter. For fiscal year 2015, the company is raising its previously announced full year adjusted diluted earnings per share guidance range from $3.63 to $3.83 to $3.66 to $3.86 to account for the reduction in shares outstanding. Full year comparable store sales are now expected to range from +2.0% to +7.0%.

GameStop Corp. to Report Q2, 2016 Results on Aug 27, 2015

GameStop Corp. announced that they will report Q2, 2016 results at 5:00 PM, Eastern Standard Time on Aug 27, 2015

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