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July 04, 2015 10:54 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. Presents at Oppenheimer 15th Annual Global Consumer Conference, Jun-24-2015 08:15 AM

GameStop Corp. Presents at Oppenheimer 15th Annual Global Consumer Conference, Jun-24-2015 08:15 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, Massachusetts, United States.

Gamestop Corp. Plans to Open Between 450 to 550 Technology Brands Stores in 2015

GameStop Corp. announced that it plans to open between 450 to 550 Technology Brands stores in 2015.

GameStop Corp. Declares Quarterly Cash Dividend, Payable on June 23, 2015; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal 2015; Revises Earnings Guidance for the Fiscal Year 2015

GameStop Corp. announced that the board of directors declared a quarterly cash dividend of $0.36 per common share payable on June 23, 2015, to shareholders of record as of the close of business on June 10, 2015. The company announced unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company’s net sales were $2,060.6 million compared to $1,996.3 million a year ago. Operating earnings were $123.9 million against $105.9 million a year ago. Earnings before income tax expense were $118.5 million against $105.3 million reported last year. Net income was $73.8 million or $0.36 per basic and diluted share compared to $68.0 million or $0.59 per basic and diluted share reported last year. For the second quarter of fiscal 2015, the company expects comparable store sales to range from flat to up 3.0%. Diluted earnings per share are expected to range from $0.21 to $0.25, representing a decline of 4.5% to a 13.5% increase over the prior year quarter. The company is expecting a 37% tax rate for the quarter, which is higher than the company had in the second quarter of last year. For fiscal year 2015, the company is raising its previously announced full year diluted earnings per share guidance range from $3.60 to $3.80 to $3.63 to $3.83 to account for the reduction in shares outstanding. Full year comparable store sales are still expected to range from 1.0% to 6.0%.

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