August 24, 2016 7:14 PM ET

Specialty Retail

Company Overview of GameStop Corp.

Company Overview

GameStop Corp. operates as an omnichannel 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 subscription cards, and digitally downloadable software. The company also sells mobile and consumer electronics, including smart phones, tablets, headphones, and accessories, as well as pre-owned smart phones; personal computer (PC) entertainment software in various ge...

625 Westport Parkway

Grapevine, TX 76051

United States

Founded in 1994

20,000 Employees

Phone:

817-424-2000

Key Executives for GameStop Corp.

Chief Executive Officer and Director
Age: 52
Total Annual Compensation: $1.2M
Co-Founder and Executive Chairman
Age: 68
Total Annual Compensation: $556.7K
Chief Financial Officer and Executive Vice President
Age: 54
Total Annual Compensation: $685.5K
Chief Operating Officer
Age: 52
Total Annual Compensation: $896.5K
Executive Vice President and President of International
Age: 55
Total Annual Compensation: $571.8K
Compensation as of Fiscal Year 2015.

GameStop Corp. Key Developments

GameStop To Close Two Acquisitions

GameStop Corp. (NYSE:GME) intends to pursue two acquisitions. "We're in the process of closing two acquisitions by the end of the quarter. And we anticipate that we'll be on a $1 billion run rate pace when we close those two deals," Rob Lloyd, Executive Vice president and Chief Financial Officer, said.

GameStop Corp. Presents at Oppenheimer 16th Annual Consumer Conference, Jun-22-2016 11:05 AM

GameStop Corp. Presents at Oppenheimer 16th Annual Consumer Conference, Jun-22-2016 11:05 AM. Venue: The Four Seasons Hotel, Boston, Massachusetts, United States.

GameStop Corp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 30, 2016; Provides Earnings Guidance for the Second Quarter of Fiscal 2016; Reiterates Earnings Guidance for the Full Year of Fiscal 2016

GameStop Corp. reported unaudited consolidated earnings results for the first quarter ended April 30, 2016. Total global sales decreased 4.3% to $1.97 billion, while consolidated comparable store sales declined 6.2% (-6.6% in the U.S. and -4.9% internationally). Including the charges, GameStop's first quarter net earnings were $65.8 million, or diluted earnings per share of $0.63, compared to net earnings of $73.8 million, or diluted earnings per share of $0.68, in the prior year quarter. Excluding these charges, GameStop's adjusted net earnings for the first quarter were $68.4 million compared to net earnings of $73.8 million in the prior year quarter. Adjusted diluted earnings per share were $0.66 compared to diluted earnings per share of $0.68 in the prior year quarter. Non-GAAP net income was $68.4 million or $0.66 diluted per share against $73.8 million or $0.68 diluted per share a year ago. Operating earnings were $114.0 million against $123.9 million a year ago. Earnings before income tax expense were $103.2 million against $118.5 million a year ago. For the second quarter of fiscal 2016, GameStop expects comparable store sales to range from 7.0% to 4.0%. Diluted earnings per share are expected to range from $0.23 to $0.30, including $0.05 related to interest expense on the $475 million of senior notes issued earlier this year. For fiscal 2016, the company is reiterating its full year diluted earnings per share guidance of $3.90 to $4.05 and comparable store sales range of -3.0% to 0.0%.

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